Crypto World
US-Israeli war with Iran forces TOKEN2049 cancellation
TOKEN2049, which was due to take place in Dubai in April, has reportedly been cancelled amid growing concerns for conference goers’ safety due to the ongoing US-Israel war with Iran.
As reported by Wu Blockchain, a document was sent to TOKEN2049 sponsors warning that the event would be pushed back to April 2027 due to “current geopolitical conditions” and their impact on “international travel, participation, and event logistics.”
It claimed that preparations for the conference had been continuing and that the decision “was not taken lightly.”
Organizers said, “ensuring the global crypto industry can gather safely, and at the scale and quality that define TOKEN2049, remains our top priority.”
Read more: Is ‘cloud seeding’ behind Dubai floods that wrecked TOKEN2049?
It noted that sponsors for the 2026 event will be carried over to next year’s conference, and stressed that it remains committed to maintaining its “long term presence” in Dubai.
The cancelation comes just four days after TOKEN2049 told Fortune that the event would continue as planned and preparations were in full swing.
A separate conference for TON, a cryptocurrency once associated with Telegram, cancelled its May Dubai event yesterday due to the ongoing conflict.
Dubai arrests people filming Iran strikes in the country
The ongoing war in the Middle East has led to retaliatory attacks from Iran targeting US-Israel allied states in the Gulf, including the United Arab Emirates, specifically Dubai.
Drone attacks reportedly targeted the city’s financial centre earlier today, while drones fell near its airport earlier in the week.
It’s also been targeted by missile fire, and the Burj Al Arab and luxury Palm Jumeirah area, both situated near the intended TOKEN2049 venue, have been attacked.
Several people have been arrested and charged after filming and posting the attacks.
Read more: How bombing Iran shifted oil and bitcoin prices
Iran recently closed the Strait of Hormuz and has reportedly attacked at least 18 ships attempting to pass through it since the conflict began. The route was critical for shipping oil, and its closure has caused its price to skyrocket.
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Analysts at the investment company said the change was significant because the stablecoin “winner” will be the one people use for everyday transactions.
Japanese investment bank Mizuho reported that stablecoin issuer Circle’s USDC overtook Tether’s USDt in transaction volume for the first time since 2019.
In a research note released on Friday, Mizuho said it had raised its price target for Circle stock from $100 to $120 after comparing transaction volumes between the two major stablecoins. According to Mizuho, USDC (USDC) had about $2.2 trillion in adjusted transaction volume for the year to date, compared with USDt (USDT) at $1.3 trillion.
“The data shows USDC vs. USDT volumes at 64% market share,” said Mizuho. This is a reversal in a long-term trend of USDT volumes surpassing USDC in 2019-2025.”
The stock price for Circle, which went public on the NYSE in June 2025, was little changed following the Mizuho report’s release. While the investment bank reported that USDC had overtaken USDT in transaction volume, Tether’s stablecoin remained the largest by market capitalization, at about $184 billion, compared with USDC’s $79 billion.
Related: DOJ and Europol take down SocksEscort network tied to crypto fraud
According to Mizuho analysts, volume data is significant because the stablecoin “winner” will be the one people use for everyday transactions, not just market capitalization.
Fight over stablecoin yield continues in US government
In Washington, DC, it’s unclear whether lawmakers and policymakers will reach an agreement that would allow a digital asset market structure bill to move forward in Congress.
The legislation, called the CLARITY Act when it passed the House of Representatives, has been stalled in the Senate amid debates over stablecoin yield, ethics, and tokenized equities.
Senate Majority Leader John Thune reportedly said on Thursday that the chamber would prioritize a bill on voting requirements rather than market structure, which he didn’t anticipate passing before April.
Magazine: Bitcoin’s ‘narrative vacuum,’ Ethereum now inevitable: Trade Secrets
Trend Research is again moving size through Binance, pulling 27,000 ETH off‑exchange while wiring in about $150m USDC, signaling fresh positioning after its brutal ETH unwind.
Summary
- An address tied to Trend Research withdrew 27,000 ETH from Binance, then sent roughly $150.47m in USDC back to the exchange in recent hours.
- Earlier this year the same firm dumped over 700m worth of ETH to Binance to repay Aave loans, realizing an estimated $700m‑plus loss on a looped long.
- The new pattern of ETH out and USDC in suggests Trend Research is rotating into fresh ETH strategies rather than simply de‑risking, making its flows a key ETH liquidity signal.
Trend Research is back moving size through Binance, this time cycling Ethereum (ETH) out and USDC in, in a way that looks like renewed ammo for directional ETH positioning rather than simple de‑risking.
Trend Research pulls ETH, then pushes USDC to Binance
On‑chain monitoring shows an address linked to Trend Research withdrawing 27,000 ETH from Binance in recent hours, before later transferring approximately $150.47 million in USDC back to the exchange. At current prices, the ETH withdrawal represents tens of millions of dollars in value, while the subsequent USDC inflow reloads the firm’s on‑exchange stablecoin balance. The sequence — assets out, stables in — fits a pattern seen before with Trend Research, where it actively rotates between ETH spot, derivatives exposure, and loan repayment.
This latest move comes against the backdrop of Trend Research’s highly publicized ETH strategy over the past months. The firm, associated with LD Capital, previously built a position of around 600,000–650,000 ETH using large Aave loans, then repeatedly transferred six‑figure ETH amounts to Binance to cut risk as prices moved against it, crystalizing hundreds of millions of dollars in realized losses.
Context: from forced selling to fresh firepower
Earlier this year on‑chain analysts tracked Trend Research sending 216,000 ETH — roughly $411 million — to Binance in a single day, having sold a total of 404,600 ETH at an average price of about $2,071 to avoid liquidation. In another episode, the firm was reported to have effectively “almost sold all of its ETH,” depositing 772,865 ETH back to Binance at around $2,326 after originally buying 792,532 ETH near $3,267, locking in an estimated $747 million loss. Those flows were clearly defensive, aimed at repayment and survival of a heavily leveraged book.
By contrast, the current pattern of withdrawing ETH while sending a fresh nine‑figure USDC tranche into Binance suggests Trend Research is again actively positioning rather than just unwinding. One plausible read is that ETH is being moved to self‑custody or DeFi while USDC sits on Binance as dry powder for new derivatives or spot entries, consistent with prior behavior where the firm borrowed stablecoins from Aave, sent them to Binance, and ran a large ETH carry and directional strategy.
What it signals for ETH traders
For market participants, Trend Research’s renewed activity matters because of sheer size. When a player that has moved hundreds of thousands of ETH and billions of dollars through Binance starts rotating again in 20,000–30,000 ETH clips and nine‑figure USDC transfers, it can affect short‑term liquidity, funding, and sentiment around key levels.
Traders watching ETH should monitor follow‑through: if on‑exchange ETH balances fall while USDC balances associated with Trend Research rise, that tilts toward accumulation or DeFi deployment; if the reverse happens and ETH deposits spike with spot selling, it points back to forced de‑risking. Either way, Trend Research’s flows remain a live barometer of how an over‑levered institutional whale is trying to navigate this phase of the cycle, and ignoring them is a luxury only small accounts can afford.
Summary
- French Hill said the CLARITY Act could resolve issues left open by the GENIUS Act.
- Hill noted the House passed the CLARITY Act with bipartisan backing, including 78 Democratic votes.
- Lawmakers aim to ensure equal rules for bank and nonbank stablecoin issuers, Hill said.
French Hill, chair of the U.S. House Financial Services Committee, said the CLARITY Act could help address unresolved issues in the GENIUS Act.
French Hill remarks on CLARITY and GENIUS Acts
Hill discussed concerns raised by banks about how crypto firms may be regulated under the proposed framework, according to a Fox Business interview. The lawmaker pointed out that the House had already passed the CLARITY Act with bipartisan support.
“In the House last summer, we created the act, and we passed CLARITY Act in the House, with 78 Democratic votes,” Hill said. The legislation is part of broader efforts in Washington to define how stablecoins and other digital assets should operate within U.S. financial markets. Policymakers are also debating whether crypto firms should face the same oversight as banks.
Hill said lawmakers from both parties have already agreed on one key principle. “On a bipartisan basis we said stablecoin should not pay yield,” he said. The issue has become central to discussions around the GENIUS Act. That bill focuses on the regulatory framework for stablecoin issuers.
Hill suggested that some remaining concerns could be addressed through the CLARITY Act. “In my view this independent issue can be resolved in the CLARITY Act,” he said.
He also indicated that certain questions may be handled through regulatory rulemaking rather than new legislation. In particular, he pointed to potential rules on rewards or incentives tied to stablecoin transactions.
“I think all the issues about paying rewards should be dealt with in the regulatory proposal that Treasury has to come up with,” Hill said. “I think that’s best resolved in the GENIUS Act,” he added.
Banks Oppose CLARITY Act
Major banks have argued that crypto companies could gain a competitive advantage if they operate under lighter regulation. Executives from traditional finance have called for equal standards across the industry.
Hill said parity between different issuers is a key objective. “We want equal treatment between bank and nonbank issuers of stablecoins,” he said. The debate has drawn comments from banking leaders such as Jamie Dimon of JPMorgan Chase & Co.
Some executives have questioned whether the proposed legislation gives crypto firms too much flexibility. Hill said lawmakers want to avoid regulatory imbalance as the market evolves. “All issuers should be treated the same way,” he said. “You don’t want to have an imbalance between people using a dollar-backed stablecoin on their platform,” Hill remarked.
Crypto World
DeepSnitch AI Price Prediction 2026: Investors Rush In After $14 Targets As March 31 Launch Approaches, Can This New AI Coin Replace Bonk After Bonk.Fun Hack?
Solana will be joining the Mastercard Crypto Partner Program with an aim to bring digital payments into everyday use. As confirmed in a post on X by Solana Payments, the firm has joined more than 85 crypto firms focusing on bringing clear payment solutions.
Despite this development, the price of Solana (SOL) remained red on March 12. However, market participants are now rotating into DeepSnitch AI (DSNT) as the DeepSnitch AI price prediction for 2026 points to a breakout towards $14.
DeepSnitch AI is a market analytics and prediction platform capitalizing on AI to provide retail investors with actionable insights. This crypto, now in presale, is priced at $0.04399. DeepSnitch AI has accumulated more than $2.1 million, as interest continues to grow day-by-day.
Solana joins Mastercard’s crypto partner program in a bid to boost payments
The Mastercard Crypto Partner Program brings together top crypto entities looking to work together to bring effective payment solutions. By joining the program, Solana will be a part of a shared platform where expertise flows both ways, bridging on-chain solutions with everyday commerce.
Currently, Solana can process up to 65,000 transactions per second. However, the network aims to continue building sustainable growth for digital asset use cases. Other notable firms on the program include the likes of Binance, Ripple, and PayPal.
DeepSnitch AI price prediction for 2026 as Bonk gets hacked
1. DeepSnitch AI prediction 2026: Is DSNT set for a rally to $14?
Artificial intelligence is here to stay, especially in crypto. AI agents introduce speed and accuracy in a sector where they matter the most. As you know, one moment a coin may be up, the next, it’s crashing.
DeepSnitch AI understands that fully, and that’s why SnitchFeed, SnitchCast, SnitchGPT, SnitchScan, and AuditSnitch were developed to offer you a helping hand. These tools flag sentiment shifts, potential risks, gems, and FUD changes. Interestingly, these tools are all found under one roof.
However, DeepSnitch AI is not a one-size-fits-all. Instead, each tool has a distinct purpose. But together, the tools combine to make DYOR easier, turning crypto trading into a lucrative venture.
Because of its clear value, DeepSnitch AI is experiencing significant bullish sentiment, with a bullish DeepSnitch AI price prediction. The forecasts suggest that a 300x rally could materialize.
According to the DeepSnitch AI token outlook, DSNT is now priced at $0.04399. A 300x rally could push the DeepSnitch AI future price to $14. This could turn even $1,000 into a huge portfolio.
2. Midnight price prediction for 2026
Midnight (NIGHT) traded at $0.04739 on March 12, following a 1.9% surge on the day. However, NIGHT is down by 21% over the past 7 days, signaling this crypto could be fading out.
According to the daily chart on TradingView, Midnight is plummeting towards a key support zone around $0.04382. If this level breaks, NIGHT could slide further. However, a surge past $0.06215 could invalidate the bearish Midnight price prediction.
3. Bonk price prediction as Bonk.fun gets hacked
Bonk.fun, a community-driven Solana token issuance platform backed by Raydium and the BONK, was hacked on Thursday as malicious individuals installed wallet drainers on the official website. While the team moved swiftly to warn users, the news spread across the market.
However, the incident did not have much impact on the BONK token. Bonk traded at $0.000005977, down by 1.1% on the weekly timeframe and 0.7% over the past 24 hours. The latest Bonk price prediction shows that Bonk could continue to face bearish pressure as the MACD remains bearish.
Final verdict
The DeepSnitch AI price prediction for 2026 is bullish, while Bonk and Midnight face bearish pressure. Stemming from the bullish sentiment, the DeepSnitch AI future price may reach $14.
Such a move would mean actualization of the 300x rally, as rumors swirl. DeepSnitch AI could launch soon, hence now is the right time to buy this 2026 runner.
Visit the official website for more information, and join X and Telegram for community updates.
FAQs
1. How high will DeepSnitch AI go in 2026?
The DeepSnitch AI token outlook shows that DeepSnitch AI is very bullish. Once launched, this crypto is expected to rally to $14 this year, as indicated by the ‘DeepSnitch AI prediction 2026’.
2. Is DeepSnitch AI legit?
Yes, DeepSnitch AI is a legit crypto, audited by SOLIDProof and Coinsult. This year, the DeepSnitch AI price prediction highlights a potential 300x rally.
3. Is DeepSnitch AI a good investment?
The DeepSnitch AI future price is expected to reach above $14. This positions DSNT as the best crypto presale to purchase if you are chasing substantial returns.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Synthetix price moved slightly higher as the project published its roadmap for 2026, which includes token buybacks and new trading products.
Summary
- Synthetix price rose slightly after the protocol published its roadmap for 2026.
- The plan includes SNX buybacks, multi-collateral trading, and new markets on Ethereum.
- On the chart, Synthetix price is forming a compression pattern near the $0.32 level.
At press time, Synthetix (SNX) token traded at $0.3251, up about 2.9% in the last 24 hours. The token has stayed inside a narrow weekly range between $0.3008 and $0.3262.
Price movement has been slow but steady in recent weeks. SNX is up around 2% over the past seven days and roughly 20% over the past month as the market attempts to recover from earlier losses.
Trading activity has also increased slightly. 24-hour volume reached about $13.4 million, which is 11% higher than the previous day. Derivatives data from CoinGlass shows futures volume rising 10% to $41 million, while open interest climbed 6% to $16.39 million.
2026 roadmap included SNX buybacks
The move comes after the Synthetix team published a long update outlining how the protocol plans to grow during 2026.
According to the roadmap, trading revenue from Synthetix Perps will initially be used to buy back both SNX and the protocol’s stablecoin sUSD. Once the sUSD peg is fully restored, buybacks are expected to focus entirely on SNX.
The plan also includes a major expansion of trading features. In April, users will be able to deposit assets like ETH and cbBTC directly as margin on Synthetix Perps, rather than converting everything into a single collateral asset.
The change could bring more liquidity into the platform by allowing traders to use idle assets already held on Ethereum.
Other updates are scheduled later in the year. The protocol plans to introduce basis trade vaults, launch a public liquidity pool vault, and expand markets beyond crypto to include commodities and forex trading.
Developers also outlined a longer-term plan to transform sUSD into a fully decentralized stablecoin backed by delta-hedged crypto collateral.
The roadmap marks another step in the protocol’s restructuring. Over the past year, the project moved away from multiple Layer-2 deployments and shifted its focus back to Ethereum mainnet, where it now runs a centralized limit order book-style perpetual futures exchange.
Technical analysis: SNX forms tight compression
On the chart, SNX is moving inside a tight consolidation zone near $0.32–$0.33 after months of decline.
Volatility has dropped during the past several weeks. The Bollinger Bands have started to narrow, which often appears before a stronger price move once the range breaks.
Resistance is now seen around $0.39–$0.40, a level where price was rejected during earlier rallies. Support remains lower, around $0.27–$0.30, where buyers stepped in during the February decline.
Momentum indicators show that selling pressure has eased. The relative strength index has climbed back toward the 50 level, moving away from the oversold zone that appeared earlier in the downtrend.
If SNX pushes above $0.39, the move could open the door toward the $0.45–$0.50 range. That would confirm a breakout from the compression pattern.
On the downside, a drop below $0.30 could weaken the structure and expose the $0.27 area again, which has acted as a key support level in recent months.
Binance spot flows show a late‑cycle alt pattern: oversold names like GTC and OGN mean‑revert, QTUM and RUNE lead thin breakouts, while SCR, THETA and TRX bleed as liquidity exits.
Summary
- Binance spot data flag GTC, OGN and BANANA in “bottoming rebound” mode, with 5–8% bounces off oversold levels rather than fresh trend breaks.
- QTUM, RUNE and MOVE are printing intraday highs with 5–7% gains, showing where real short‑term momentum and order‑book slippage now sit.
- SCR, THETA and TRX are sliding to new lows, a classic distribution tape where liquidity leaves and anyone still “investing” without stops is just donating.
Binance spot is doing what it always does in late‑stage moves: rewarding early degenerates in illiquid names and punishing anyone chasing laggards without a plan.
Altcoins in “bottoming rebound” mode
Binance spot data show several small and mid‑cap altcoins staging what the feed calls a “bottoming rebound.” GTC is up 7.52% over the past 24 hours, OGN has gained 5.84%, and BANANA is higher by 5.03%, all bouncing off depressed levels rather than breaking into new trend regimes. For anyone trading these, understand the context: this is classic mean‑reversion from oversold, not some structural rotation into fundamentals.
In parallel, QTUM, RUNE and MOVE have pushed to intraday highs, with gains of 5.34%, 7.22% and 6.28% respectively. That’s where real momentum lives right now: coins with just enough liquidity to move, just illiquid enough to blow through order books when a few desks lean the same way.
Bleeders: SCR, THETA, TRX
On the other side of the tape, a trio of names is getting clubbed. SCR is down 8.38% from intraday high to low, THETA has dropped 9.06% to a new weekly low, and TRX printed a new daily low, off 5.29%. This is what distribution looks like: previously‑bid names running out of greater fools while the rest of the market celebrates elsewhere.
If you are still long these without a defined stop, you are not “investing,” you are donating. The market is telling you liquidity is leaving the room; your job is to listen, not argue.
How to actually trade this
Treat the “bottoming rebound” names as short‑horizon vehicles: tight risk, fast profit‑taking, no diamond‑hands fantasy. When you see low‑liquidity coins flying 5–8% in a day after being left for dead, that’s order‑flow, not structural demand — size accordingly.
For the winners making intraday highs (QTUM, RUNE, MOVE), only two strategies are acceptable: buy early and cut fast if momentum dies, or fade parabolic spikes with defined invalidation once funding and spot volumes go stupid. For the losers (SCR, THETA, TRX), either you cut and move capital to where the tape is paying, or you write the position to zero and stop pretending you’re a trader.
The feature lets tokenized agents direct onchain revenue toward buying back and burning their own tokens.
Solana-based memecoin launchpad pumpfun has rolled out a new feature that connects AI agents to tokenonomics, allowing projects to automatically funnel agent-generated revenue into token buybacks and burns.
The tool, called Tokenized Agents, targets what pumpfun describes as a core problem in the growing “agentic economy” – a lack of value alignment between successful AI agent projects and the communities that form around them.
How It Works
Under the new system, developers launch a token on the platform, set a revenue buyback percentage, and integrate their agent using a provided configuration file. When the agent earns revenue, whether from SaaS products, trading, or other sources, a portion is automatically used to buy back and burn the token.
Buybacks are executed by a centralized buyback authority and instantly burned. Only revenue denominated in SOL and USDC is eligible, and a minimum threshold of $10 in accumulated revenue is required before a buyback is triggered.
It’s worth noting that the agents themselves are not deployed on pumpfun, whose role is limited to enabling the onchain buyback-and-burn mechanism tied to the token.
Existing Tokens Can Opt In
The feature is not limited to new launches. Existing tokens on the bonding curve or migrated to PumpSwap can activate the Tokenized Agent toggle from their coin page. Multiple unrelated agents can also contribute revenue toward buybacks for the same token.
Token creators retain the ability to adjust buyback percentages at any time. Revenue not allocated to buybacks remains claimable by the creator. Creator fees, which are rewards generated from trading volume, are enabled by default, though creators can opt to redirect them as cashback for traders instead, a feature the platform introduced in February.
The launchpad’s native PUMP token is up 8% over the past week amid a broad market rebound.
The Bitcoin Policy Institute (BPI), an industry advocacy group, is eyeing a target window between March and August 2026 to pass a de minimis tax exemption for Bitcoin through Congress, warning that time to pass meaningful legislation is running out.
BPI said it has engaged with 19 Congressional offices in both the House and Senate over the last three months to pitch US lawmakers on a tax exemption for Bitcoin (BTC) transactions below a certain threshold.
Expanding the de minimis tax exemptions beyond dollar-pegged stablecoins has bipartisan support, but the BPI warned that the “window is narrowing” for Bitcoin tax legislation. The BPI said:
“Congress will be increasingly consumed by midterm dynamics as summer approaches, and the bandwidth for complex tax legislation shrinks with every passing week. Senator Lummis, the issue’s most forceful champion, departs the Senate in January 2027.
If a package does not come together in the next few months, the opportunity may not return for years,” the BPI continued.
Under current US tax rules, using BTC to pay for goods and services triggers a taxable event and tax reporting to the Internal Revenue Service (IRS), preventing the use of Bitcoin as a medium of exchange.
A de minimis exemption would allow small crypto transactions, typically below a set dollar threshold, to be excluded from capital gains reporting, allowing users to spend Bitcoin without calculating gains or losses on minor purchases.
Related: Bitcoin advocate group to fight Basel’s ‘toxic’ treatment of cryptocurrency
Tax policy has kept Bitcoin as an investment and out of commerce
Wyoming Senator Cynthia Lummis introduced a bill in July 2025 proposing a de minimis tax exemption for cryptocurrency transactions of $300 or less, capped at $5,000 annually.
However, the bill failed to gain traction in the Senate, and a competing bill focused entirely on tax exemptions for stablecoins was introduced to the House of Representatives by Congresspersons Max Miller and Steven Horsford in 2025.
Bitcoin payments are held back by the digital asset’s current treatment under the US tax code, according to Pierre Rochard, a board member for BTC treasury company Strive.
“The number one impediment to Bitcoin payments adoption is tax policy, not scaling technology,” Rochard said on X.
Magazine: Big questions: Should you sell your Bitcoin for nickels for a 43% profit?
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.
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’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.
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.
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.
Major crypto conferences have been postponed amid ongoing drone strikes and airspace restrictions across the Gulf.
Two of the crypto industry’s most prominent Dubai-based events have been cancelled or postponed as the escalating U.S.-Israel-Iran conflict continues to disrupt travel and logistics across the Middle East.
Token2049, one of the world’s largest annual crypto conferences,announced Friday that its Dubai edition, originally slated for April 29-30, would be pushed to April 2027. Organizers cited “ongoing uncertainty in the region and its impact on safety, international travel and logistics.”
The move follows Thursday’s cancellation of Gateway Dubai, an event organized by The Open Network (TON), the blockchain ecosystem affiliated with Telegram. That event, which had been scheduled for May, wasscrapped entirely.
The Token2049 postponement marks a sharp reversal from organizers’ position earlier this week, when a spokespersontold Fortune that preparations were continuing and registrations were tracking toward a sold-out event.
The conference had been expected to draw roughly 15,000 attendees. Scheduled speakers included Polymarket CEO Shayne Coplan, Tether CEO Paolo Ardoino, and Circle co-founder Jeremy Allaire.
The cancellations come as the UAE faces growing disruption from the conflict. Two drones fell near Dubai’s main airport on Wednesday, and Dubai’s media office confirmed Friday that debris from an intercepted missile caused minor damage to a building in the city center.
The UAE has emerged as one of the fastest-growing hubs for the digital asset industry, hosting more than 1,800 crypto companies, according to Cointelegraph.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Your ROG Xbox Ally X is about to get a free performance upgrade soon
RIPPLE JUST DROPPED A XRP BOMBSHELL! (13,000+ INSTITUTIONS!)
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