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Solana price signals ABC correction after range-rejection

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Solana price signals ABC correction after range-high rejection - 1

Solana price has rejected a key resistance zone near $90, signaling the potential continuation of an ABC corrective structure.

Summary

  • Key Resistance: $90 aligns with high-timeframe resistance and the value area high.
  • ABC Correction: Rejection suggests the C-leg of a corrective structure may be underway.
  • Support to Watch: A break below $81 could open downside toward the value area low.

Solana’s (SOL) recent price action suggests the market may be entering a corrective phase following a clear rejection from the upper boundary of its trading range. The $90 region has acted as a significant high-timeframe resistance zone, aligning with the value area high and several structural resistance levels on the chart.

With the latest move failing to hold above this region, the probability of a deeper corrective move is beginning to increase.

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Solana price key technical points

  • Range-High Resistance: $90 aligns with high-timeframe structural resistance and the value area high.
  • ABC Structure: Price action is signaling the continuation of a corrective ABC pattern.
  • Downside Target: Potential move toward $81 support and the value area low.
Solana price signals ABC correction after range-high rejection - 1
SOLUSDT (4H) Chart, Source: TradingView

Solana’s price action recently approached the $90 region, which has historically acted as an important resistance level within the current market structure. This zone represents the upper boundary of the broader trading range and aligns closely with the value area high derived from the volume profile. When price approaches these areas, selling pressure often emerges as traders look to defend previous resistance.

The latest price movement shows a clear rejection from this region, reinforcing the idea that Solana remains within a corrective phase rather than entering a sustained breakout. The inability for price to reclaim the $90 resistance level suggests that buyers may be losing momentum at this point in the trend.

From a technical perspective, the rejection also aligns with a developing ABC corrective pattern, a common structure in market cycles where price moves through three phases before potentially resuming a broader trend. In this structure, the initial decline forms the A leg, followed by a temporary recovery known as the B leg, before the market enters the C leg, which typically extends toward lower liquidity zones.

In Solana’s case, the recent rally toward $90 may represent the B leg of the correction. Because the move has failed to sustain above resistance, the market may now be transitioning into the C leg of the structure, which typically involves price breaking below intermediate support levels as liquidity is cleared from the market.

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This technical setup is unfolding as broader ecosystem developments continue, including Nasdaq-listed Solmate Infrastructure announcing plans to establish a Solana infrastructure hub in the United Arab Emirates as part of a wider corporate restructuring and capital overhaul.

One of the key levels to watch in this scenario is the $81 support zone, which represents an important high-timeframe support level within the current structure. If price moves below this level, it would confirm increasing bearish pressure and open the door for a deeper rotation toward the value area low.

The value area low acts as a key liquidity region where large clusters of orders tend to accumulate. In range-bound markets, price frequently rotates between the value area high and value area low as traders rebalance positions and search for liquidity.

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Another important factor supporting the corrective outlook is the presence of untapped swing lows below the current price. Markets often move toward these zones as they contain resting stop orders and liquidity pools that larger participants may target before establishing a new directional move.

The confluence of resistance levels near $90 strengthens the probability that the rejection will continue to influence price direction. Multiple technical factors align in this region, including structural resistance, the value area high, and Fibonacci retracement levels, making it a significant barrier for bullish continuation.

Because of this, the broader market structure suggests that Solana may remain in a rotational environment until either the range high or range low is decisively broken. For now, the rejection from resistance suggests that the downside portion of the range may be tested next.

What to expect in the coming price action

As long as Solana remains below the $90 resistance zone, the ABC corrective structure is likely to remain active. A break below the $81 support level could accelerate downside momentum toward the value area low, while a strong reclaim of $90 would invalidate the bearish outlook and signal renewed bullish momentum.

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Michael Saylor fires back former UK Prime Minister says Bitcoin is a ponzi scheme

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Saylor hints MicroStrategy’s BTC buys front‑run future supply squeezes

Michael Saylor has responded sharply after former UK Prime Minister Boris Johnson criticized Bitcoin (BTC) and suggested that it resembles a Ponzi scheme.

Former UK Prime Minister Boris Johnson criticizes Bitcoin

Johnson described a conversation with a church acquaintance who lost money after being lured into a supposed crypto investment opportunity. According to Johnson, the man initially handed over £500 to someone who promised to double his money through Bitcoin.

“After three and a half years of muddle… he was down £20,000,” Johnson wrote in a report. He also described how the individual paid repeated fees in an attempt to recover the funds. The former prime minister used the story to question the value and structure of cryptocurrencies.

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He contrasted BTC with traditional assets and collectibles.“I can see the intrinsic value of gold,” Johnson wrote. “I can even understand why Pokemon cards have kept their value.”

He then questioned the foundations of digital assets, arguing that Bitcoin lacks an identifiable authority or issuer. “But Bitcoin? What is it? It’s just a string of numbers stored in a series of computers,” he wrote.

Johnson also referenced the mysterious origins of the BTC’s creator, Satoshi Nakamoto, adding that the system depends heavily on collective belief. “The whole thing depends completely on the collective belief… of the Bitcoin holders,” Johnson said.

He warned that increasing cases of fraud linked to crypto investments could weaken confidence in the sector. “I have always suspected from the outset that all cryptocurrencies were basically a Ponzi scheme,” Johnson wrote. He argued that the ecosystem relies on a continuous flow of new investors.

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Michael Saylor claps back at Johnson

Saylor rejected that characterization in a post on the social platform X. “Bitcoin is not a Ponzi scheme,” Saylor wrote. “A Ponzi requires a central operator promising returns and paying early investors with funds from later ones.”

He argued that Bitcoin’s structure makes it fundamentally different from such schemes. “Bitcoin has no issuer, no promoter, and no guaranteed return—just an open, decentralized monetary network driven by code and market demand,” Saylor said.

The executive has long been one of the most prominent corporate advocates for Bitcoin. His company, MicroStrategy, holds billions of dollars worth of the crypto on its balance sheet. Johnson’s comments also revisited broader debates about monetary systems.

In his remarks, he referenced historical currency models backed by government authority, pointing to Roman coins bearing the image of emperors as an example of trust in state-backed money. Crypto supporters, however, often argue that Bitcoin’s decentralized structure is precisely what protects it from political influence and inflation tied to government spending.

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XRP Ledger activity is hitting records, but why are xrp prices down 62% from peak

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(CoinDesk)

The XRP Ledger has never been busier, but traders are yet to catch up.

Daily successful payments on XRPL recently hit a 12 month high of over 2.7 million, up from roughly 1 million in late 2025, according to XRPSCAN data. The network is processing between 2 and 2.8 million transactions per day at 20 to 26 transactions per second.

(CoinDesk)

Automated market maker pools have exploded to nearly 27,000 active pools supporting more than 16,000 unique tokens. Tokenized real-world asset value on the ledger climbed to $461 million, up 35% in the past 30 days, per RWA.xyz. Stablecoin transfer volume over the same period hit $1.19 billion.

XRP is trading at $1.37 and is down 26% year-to-date. It’s 62% below its late-2025 high of $3.65.

That gap between what the ledger is doing and what the token is doing is the most important thing happening in XRP right now, and it’s a question the market hasn’t answered yet.

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The standard crypto thesis is that network activity drives token value. More usage means more demand for the native asset, which pushes price higher. It’s the framework that worked for Ethereum during DeFi summer and for Solana during the meme coin boom.

But XRP is breaking the pattern. Every metric that should matter for a utility token is up, but the price is down.

The most likely explanation is structural. XRPL’s growing activity is increasingly driven by RLUSD, Ripple’s stablecoin, and tokenized assets that flow through XRP as a bridge currency but don’t create sustained demand for the token.

A payment that uses XRP for three seconds to settle a cross-border transaction between fiat currencies doesn’t generate the same kind of buy pressure as someone staking ETH for months or locking SOL in a DeFi protocol. The network gets busier, but the token stays liquid and transient. Activity goes up but scarcity doesn’t.

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The DeFi numbers make this stark. DeFiLlama shows XRPL’s total value locked at $47.54 million. That’s the entire DeFi ecosystem on a chain whose native token has an $84 billion market cap.

(DefiLlama)

For comparison, Solana carries roughly $4 billion in TVL. Ethereum has over $40 billion. XRP’s DeFi layer is a rounding error relative to its valuation, which means the market cap is still overwhelmingly driven by speculative positioning and ETF expectations rather than capital locked into productive on-chain activity.

The native DEX tells a similar story. Daily volume runs between $4 million and $8 million on recent data, modest for any Layer 1 and especially small for one ranked fifth by market cap.

The AMM pool growth is real, with 27,000 pools and 12 million XRP deposited, but the dollar value of that liquidity remains thin relative to the scale of the token’s market.

The RWA picture is the one area where the data genuinely supports the bull case. $461 million in distributed asset value and $1.5 billion in represented asset value puts XRPL ahead of several larger chains in specific tokenization categories.

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Stablecoin market cap on the ledger sits at $339 million with 35,800 holders. The 30-day RWA transfer volume of $149 million, up over 1,300%, suggests real institutional activity rather than wash trading. If the tokenization thesis plays out over the next few years, XRPL has a foothold that most competitors don’t.

As such, March historically averages an 18% return for XRP, and the $1.27 to $1.30 support zone has held through multiple tests. If macro conditions stabilize and the Iran conflict moves toward resolution, a relief bounce to $1.60 or higher is plausible.

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Ethereum Foundation Outlines Ethos and Responsibilities in New Mandate

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Ethereum

The Ethereum Foundation, the non-profit organization that stewards the development of the Ethereum ecosystem, published its mandate on Friday, reaffirming its role and the core pillars of Ethereum.

The Ethereum Foundation’s two stated goals are that Ethereum remains decentralized and that users have a “final say” over their onchain assets and data, while the protocol achieves mass scale, according to the mandate.

Censorship resistance, open source code, privacy, security, and freedom-preserving technology are the core properties of Ethereum that will be upheld, the mandate, the document said.

Ethereum
Source: Ethereum Foundation

The Ethereum Foundation said it will continue to focus on core protocol upgrades, “long-horizon research,” cybersecurity, and providing tooling for Ethereum’s developers, while minimizing its role as much as possible. The mandate said: 

“Our ultimate goal is for Ethereum to pass the walkaway test: its protocol and core application layers become robust and trustless enough that they would continue to reliably function and evolve even if the Foundation and today’s core developers disappeared tomorrow.”

The Ethereum Foundation said it aims to focus on tasks that become less necessary over time through a process of subtraction. 

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The mandate follows a challenging year for the protocol, with Ethereum co-founder Vitalik Buterin saying that Ethereum’s approach to scaling through layer-2 networks “no longer makes sense,” and that many L2s are centralized projects. 

Related: AI ‘vibe coding’ could put Ethereum roadmap ahead of schedule: Vitalik Buterin 

Buterin says a drastic change in how Ethereum scales is needed

Buteirn said that many layer-2 networks feature centralized points of control, including private trusted networks and centralized sequencers, and have no plans to transition to a fully decentralized model.

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“The original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” Buterin said in February. 

Buterin argued that a layer-2 project that boasts a throughput of 10,000 transactions per second (TPS) but relies on a multi-signature bridge to interact with the layer-1 protocol is not scaling the Ethereum ecosystem in a decentralized way.

Instead of acting as scaling layers for Ethereum, the ecosystem’s many layer-2 networks should specialize in a niche such as privacy, identity solutions, finance platforms and social media applications, Buterin said, which drew mixed reactions from L2 projects.

Magazine: Ethereum’s roadmap to 10,000 TPS using ZK tech: Dummies’ guide

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