Since April 23, Solana’s price has oscillated within a tight trading range, facing resistance near $153.67 and finding support around $145.68.
A growing wave of bearish pressure threatens to break this range to the downside, with a key technical indicator on the verge of confirming a major sell signal.
Solana Faces Breakdown Risk as Sellers Tighten Grip
SOL’s Moving Average Convergence Divergence (MACD) indicator is poised to form a death cross, a bearish crossover where the MACD line dips below the signal line.
As of this writing, the coin’s MACD line (blue) rests near the signal line (orange), awaiting a catalyst to push it under. This pattern often precedes a sustained downtrend and is widely viewed by traders as a sign of weakening price strength.
Further, SOL’s Balance of Power (BoP) is currently negative, reinforcing the downtrend. This indicates that sellers have gained market control. At press time, this stands at -0.12.
The BoP indicator measures the strength of buying versus selling pressure by comparing the closing price to the trading range over a given period.
When an asset’s BoP is positive, it signals that buyers are in control, indicating strong upward momentum and potential for continued price gain.
On the other hand, as with SOL, a negative BoP value indicates that sellers dominate the market. It suggests an increase in downward pressure on SOL and hints at the potential commencement of a new decline phase.
SOL Faces Key Support Test Amid Mounting Sell Pressure
As bearish momentum builds, SOL risks breaking below the support level at $145.68. A decisive break beneath this threshold would confirm a short-term downtrend and potentially trigger a deeper decline toward $142.32.
Should buyers fail to regain control at that point, SOL could slide further to test the lower support at $133.94.
However, this bearish outlook could be invalidated if fresh demand emerges and buying interest strengthens. In that bullish scenario, SOL may overcome resistance at $153.67, opening the door for a rally toward $171.50.
Backed by 300% user growth, Bitget Wallet unveils a new design and $1M campaign to bring crypto into everyday use worldwide
Bitget Wallet, the leading non-custodial crypto wallet, has unveiled a new brand identity to reflect its evolution into a full-service crypto wallet designed for everyday use. With over 80 million users, Bitget Wallet has strategically expanded its offerings beyond trading and earning to onchain discovery and global payments.
Alongside a new logo symbolizing simplicity and direction, the app has introduced a more streamlined, user-friendly interface to make crypto more intuitive for all. Bitget Wallet stands by the inclusive motto — Crypto for Everyone — now part of a broader initiative, theCrypto for Everyone Movement, aimed at onboarding the next billion users. Through this, it plans to incentivize the community with a pool of over $1 million as gratitude for support.
“The role of wallets is evolving — it’s moving from a niche tool to one with real-world utility for everyday needs,” said Alvin Kan, COO of Bitget Wallet. “This rebrand is part of a longer-term plan to make crypto accessible for everyone. We’re building towards a future where interacting with crypto feels as easy as using Uber or Paypal,” he added. Bitget Wallet’s growth has coincided with increased demand for self-custody and alternative financial access, particularly in regions where banking infrastructure is limited. The platform saw a 300% increase in users over the past year, with the fastest growth in Africa (+959%), Europe (+367%), and the Middle East (+350%), as more individuals turn to crypto to navigate inflation, limited banking access, and economic instability, gaining greater control over their finances.
Bitget Wallet’s rebrand focuses on making crypto easier to use and more practical for everyday needs. Built around four core features — Trade, Earn, Pay, and Discover — the wallet lets users track market trends, explore new tokens, and trade across over 130 blockchains with one click. In selected regions, a new Simple Mode will be launched to offer a streamlined experience for users who are new to crypto. To support secure usage, it includes protections like real-time risk monitoring and transaction screening, helping users navigate onchain finance more safely.
Bitget Wallet is among the first to launch an in-app shop and remains the only major self-custodial wallet offering full payment flexibility, including crypto cards, QR code scans, and direct purchases. The shop supports over 300 brands across gaming, mobile, travel, and e-commerce, enabling crypto payments at Amazon, Google Play, Shopee, and more. Regional integrations with national QR payment systems are also underway. Building on this everyday utility, the wallet offers yield features to help users earn passive income on their crypto balances and plans to support tokenized real-world assets like stocks and gold as it expands beyond digital assets.
“Bitget Wallet stands strong with the essence of crypto extending beyond our decentralized vision, serving as a critical access layer across trading, earning, and payments for onchain assets. Users now have an even more powerful tool — simple to use, accessible, and packed with capabilities — that connects people to opportunity, wherever they are, whenever they need,” said Gracy Chen, CEO at Bitget.
To mark the rebrand, Bitget Wallet is launching theCrypto for Everyone Movement in partnership with leading ecosystem projects, offering over $1 million in rewards and inviting users to explore the updated platform through interactive campaigns.
More details on the brand update and product roadmap are available on the Bitget Wallet blog. Watch the brand video on YouTube.
About Bitget Wallet
Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.
With Bitcoin making it past $110,000 over the last 24 hours, the whole crypto market witnessed a surge. Meme coins managed to make the most of this with their market cap rising by 5.7% to stand at $66.62 billion.
BeInCrypto has analyzed three meme coins for investors to watch as they managed to emerge as chart toppers.
MOG has emerged as the top-performing meme coin, posting a 27% rise in the last 24 hours. Currently trading at $0.000001095, the coin is nearing a critical resistance level of $0.000001121. A successful breach of this barrier could lead to further price gains for the altcoin.
The exponential moving averages (EMAs) are converging, indicating a potential Golden Cross in the coming days. If bullish momentum persists, this crossover could push MOG’s price to $0.000001205 or higher. The combination of the EMAs and increased buying pressure suggests a possible continuation of the positive trend for MOG.
However, if MOG fails to breach the $0.000001121 resistance or if selling pressure increases, the meme coin’s price could decline. A drop to the support level of $0.000000966 would invalidate the current bullish outlook. This would signal that MOG’s price could struggle to maintain upward momentum in the near term.
NEIRO price has surged 18% in the last 24 hours, currently trading at $0.000494. The altcoin is approaching a key resistance level at $0.000512, and a breakout above this barrier could lead to further price gains.
The Ichimoku Cloud indicator below the candlesticks suggests that a breach of $0.000512 could propel NEIRO to $0.000548. This potential rise would extend profits for NEIRO holders, reinforcing the bullish outlook. If the momentum continues, the meme coin could reach new levels in a relatively short time.
However, if NEIRO fails to secure its recent gains or faces increased selling, the price could slip to $0.000417. Such a decline would invalidate the bullish thesis, signaling a reversal in sentiment and further downward movement. The support level at $0.000417 is crucial for maintaining upward potential.
HOUSE has emerged as one of the best-performing meme coins of the day, surging by 22% in the last 24 hours. Currently trading at $0.038, the altcoin’s strong price movement indicates growing interest. If the current momentum continues, HOUSE could break through key resistance levels and further rise.
The Relative Strength Index (RSI) shows that bullish momentum is strengthening for HOUSE, with the indicator nearing a breach of the neutral mark of 50.0. This move would confirm continued upward momentum, potentially pushing HOUSE past $0.042 and towards $0.053, offering significant profits to its 22,450 holders.
However, if broader market cues turn bearish, HOUSE could follow the negative trend and slip to $0.031. Such a decline would invalidate the current bullish thesis, signaling a potential price correction. The market’s overall sentiment will play a key role in determining the coin’s future price movement.
Hedera will upgrade its mainnet to version 0.63 on July 23, 2025, at 17:00 UTC. The scheduled maintenance will last about 40 minutes and may temporarily slow transaction processing across the network.
The update focuses on improving system operations and network performance. However, it does not introduce any changes to HBAR tokenomics or smart contract execution.
What is the Hedera Mainnet Upgrade?
The new version includes three primary changes:
Support for non-zero shard and realm IDs in system commands.
Fee configuration throttling, which adds rate-limiting to administrative changes.
MerkleDB tuning, which improves node storage efficiency and reduces processing overhead.
These changes aim to increase resilience and operational flexibility for developers and node operators. Hedera CLI tools like yahcli will now function across custom network partitions.
Scheduled (Jul 23, 2025, 17:00 UTC): Hedera will be upgrading Hedera mainnet to v0.63 on Wednesday, July 23 2025 at 17:00 UTC. The upgrade will take approximately 40 minutes to complete, users should expect some disruption to network … https://t.co/kTi70n0W7d
There are no direct changes to HBAR’s utility. Core token functions—transfers, staking, smart contract gas—will remain unaffected. Transaction fees and staking mechanisms also remain unchanged.
Users may experience temporary delays or halted transaction processing during the upgrade window.
However, normal operations will resume once maintenance ends.
Analysts pointed to a bullish technical setup, with a golden cross forming and strong exchange inflows backing the move. While short-term RSI suggests HBAR may be overbought, the broader sentiment remains bullish.
