SOL dips below $140 as market sentiment remains bearish

Key takeaways

  • Solana is down by less than 1% and is currently trading below $140.
  • Canary Capital and Fidelity announced the launch of their spot Solana ETFs SOLC and FSOL on Tuesday.

SOL down 1% despite positive fundamentals

SOL, the native coin of the Solana blockchain, is down by less than 1% in the last 24 hours and is currently trading below $140. This bearish performance comes despite Canary Capital and Fidelity announcing the launch of their spot Solana Exchange Traded Funds (ETFs), SOLC and FSOL, on Tuesday.

The news boosted market sentiment amid growing institutional investors. However, it didn’t translate into a positive rally for SOL, as the coin continues to eye the weekly support level around $128. 

Fidelity became the fourth asset manager to launch an SOL ETF and also added a staking feature to the fund. This latest development indicates growing institutional interest in Solana-based investment products, which could become a bullish outlook for SOL in the long term. 

SOL could retest the $128 low as bearish momentum persists

The SOL/USD daily chart is bearish and efficient as Solana has underperformed over the past few days. SOL faced rejection at the daily level of $168.79 last week and has lost over 22% of its value since then. At press time, SOL is trading above $136 per coin after hitting the $144 level on Tuesday. 

SOL/USD Daily Chart

If the current support level at $128.68 continues to hold, SOL could extend the recovery toward the next major resistance and TLQ level at $160. The RSI on the daily chart currently stands at 34, indicating that the bearish trend remains strong.

However, if SOL’s daily candle closes below $128.68 over the next few hours, the coin could extend its decline toward the next daily support at $118. Currently, the trend and order flow are negative, indicating that sellers are in control.

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Litecoin Price Forecast: Weak demand could push LTC below $90

Key takeaways

  • LTC is down 1.7% in the last 24 hours and is trading above $93 per coin.
  • The bearish performance comes amid weakening demand.

LTC stays below $100

The cryptocurrency market has underperformed earlier this week, but the selling pressure has subsided in the past few hours. Litecoin is currently down by 1% in the last 24 hours and is currently trading above $93, down from the $95 weekly high it reached a few hours ago.

Despite the recent price action, the fundamentals for Litecoin remain neutral. The total supply of LTC coins in profit dropped to 57%, creating a heavy selling activity, with investors posting a combination of loss realization and profit-taking in the past few days.

According to the data obtained from Santiment, the distribution comes mainly from investors who purchased the cryptocurrencies over the last two months. 

This weakness is also significant across US spot Litecoin exchange-traded funds (ETFs) as they have failed to attract demand. 

Data obtained from SoSoValue shows that since the launch of the Litecoin ETFs in October, they have attracted a cumulative net inflow of $7.26 million, according to SoSoValue data. The only spot Litecoin ETF available in the US is Canary’s LTCC.

On the derivatives market, Litecoin’s funding rates flashed negative twice over the last two days. This indicates short traders are gaining momentum in the Litecoin market. Litecoin’s Open Interest (OI) has recovered slightly to 5.57 million LTC but remains far from pre-October 10 leverage-flush levels of 8.80 million LTC.

LTC could retest the $90 support level

The LTC/USD daily chart remains bearish and inefficient as the coin has lost 8% of its value in the last seven days. Litecoin dipped to the $90.2 support level on Tuesday but quickly rallied to the $95.4 resistance area. It failed to overcome the $95 resistance area and is now trading above $93.66. 

LTC/USD Daily Chart

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are below their neutral levels, indicating that the bears are currently in control of the market. 

If the bullish recovery continues, LTC could rally above the $116 efficiency level over the next few hours. However, LTC could drop to the $80 support level if the bulls fail to defend the $90.2 region.

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Internet Computer (ICP) breaks out of a falling wedge pattern, $7 within reach

  • Internet Computer (ICP) rises amid market downturn, driven by short squeeze AI hype.
  • The Internet Computer ecosystem growth and AI tools have strengthened investor confidence.
  • A breakout above the key resistance at $5.94 could push ICP’s price toward $7.

Internet Computer (ICP) has caught the attention of crypto traders and analysts alike by defying the broader market downturn.

While Bitcoin (BTC) and Ethereum (ETH) struggle with declining prices, ICP has surged by double digits, showcasing resilience.

Notably, the ICP’s price surge comes amid growing ecosystem developments and increasing activity in the AI space, signalling that the network is finding new momentum even in a challenging market environment.

ICP price rebounds against market trends

Over the past 24 hours, Internet Computer (ICP) has risen sharply, trading around $5.44, after an 11.3% increase despite a broader market downturn that has weighed heavily on most major cryptocurrencies.

This surge has been fueled in part by a potential short squeeze, as funding rates in the derivatives market have turned deeply negative.

ICP funding rate
ICP funding rate | Coinglass

Traders holding short positions on ICP faced growing pressure as the token’s price climbed, forcing some to close their positions and buy back the token, which added upward momentum.

However, open interest in ICP derivatives has surged nearly 92% to $174 million, indicating heightened trading activity and volatility that could accelerate the rally further if key resistance levels are overcome.

open interest in ICP derivatives
Open interest in ICP derivatives | Source: Coinglass

The technical picture for ICP is equally compelling.

The token recently broke above a two-month falling price channel, a pattern that had contained the asset since early November.

This breakout is considered a bullish signal, with indicators like the Awesome Oscillator turning positive.

While the MACD remains bearish and the RSI hovers near neutral at 52, the price move suggests that sellers’ control is weakening.

Internet Computer (ICP) price analysis
Internet Computer (ICP) price analysis | Source: TradingView

Ecosystem growth supports ICP momentum

Beyond technical catalysts, the Internet Computer (ICP) price is also supported by strong ecosystem fundamentals.

The total value locked (TVL) in ICP’s DeFi ecosystem has grown 57% in the past month to reach $19.83 million, driven by platforms such as WaterNeuron, which alone has seen its assets increase by 90%.

Stablecoins on the network have also risen, now totalling nearly $4.93 million.

Additionally, the launch of Caffeine, a platform that allows users to build websites and applications through AI without coding, has reinforced ICP’s position in the fast-growing AI sector.

Institutional partnerships and integrations, including collaborations with Microsoft Azure and Google Cloud, have further strengthened the network’s decentralised cloud and AI narrative, attracting developers and investors alike.

Internet Computer (ICP) price outlook

While the broader market faces uncertainty, ICP’s ecosystem expansion, AI integration, and strong technical setup position it for further upside potential.

The combination of technical and fundamental drivers suggests that the Internet Computer (ICP) price could continue its upward trajectory.

A successful breakout above the $5.94 resistance could open the path to $7 or higher, with strong buying momentum reinforced by the short squeeze dynamic.

At the same time, holding the key support level at $4.76 will be critical to maintaining investor confidence.

If bulls remain in control, traders should closely watch the $5.94 resistance, with a daily close above this level potentially confirming a trend reversal and opening the door to higher targets near $6.74 or even $7.32, in line with Fibonacci retracement levels.

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Hyperliquid price soars on buybacks and BLP launch, but bearish patterns flash a warning

  • The Hyperliquid price is up 6.5% as a majority of major coins bleed.
  • The Hyperliquid price rally comes amid token buybacks and BLP rollout.
  • A risky pattern has, however, formed, hinting at a possible pullback.

Hyperliquid (HYPE) price has surged despite a broader market slump, drawing fresh attention to one of the strongest performers of the month.

While most major assets bleed through heavy selling pressure, HYPE has pushed higher on rising demand, aggressive buybacks, and growing activity across the Hyperliquid ecosystem.

But even as the altcoin’s market sentiment turns bullish, technical analysts warn that the rally may not be as secure as it appears.

Buybacks and BLP rollout drive momentum

The Hyperliquid (HYPE) price surge can be attributed first to the rapid progress of Hyperliquid’s Base Liquidity Pool testnet, commonly just referred to as BLP, which launched on Hypercore, the Layer 1 chain powering the exchange.

The BLP rollout signals a major shift in the protocol’s infrastructure as it introduces more efficient liquidity routing and additional yield mechanics.

The testnet has added new energy to the Hyperliquid ecosystem. It positions the platform not only as a fast on-chain exchange but also as a hub for tokenised equities such as Nvidia, Tesla, and SpaceX, which have attracted new users and boosted activity at a time when most platforms are seeing a pullback.

Another crucial force behind the recent HYPE price surge is the exchange’s aggressive buyback program.

Hyperliquid has already executed more than $1.3 billion worth of buybacks, removing over 28 million HYPE tokens from circulation.

The reduction in supply is creating steady upward pressure on the token, especially as long-term holders lock more HYPE into staking contracts.

Staking deposits have risen nearly 60% in a month, easing sell-side pressure and strengthening market confidence.

The tightening supply comes as Hyperliquid expands its role in the global derivatives market.

The exchange now accounts for more than 6% of perpetual futures market share, placing it alongside centralised giants such as Binance, OKX, and Bybit.

This expansion brings higher fees, more buybacks, and stronger fundamentals for HYPE.

Bearish chart signals challenge Hyperliquid’s price rally

Despite the strong fundamentals, technical signals are flashing warnings.

A head-and-shoulders pattern has been forming on the daily chart since June.

The neckline of the pattern sits near $35.5, a level that has repeatedly acted as a key support zone. If the price breaks below that area, HYPE could drop to the next support area just above $30.

Hyperliquid price analysis
Hyperliquid price analysis | Source: TradingView

The risk increases as the 50-day and 200-day moving averages approach a bearish crossover, often referred to as a death cross.

This formation typically signals a shift into a deeper downtrend, especially when it appears during a period of market uncertainty.

Nevertheless, HYPE has held above $40, an encouraging sign that demand remains strong, and a clean move above $46 could invalidate the bearish setup.

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AAVE could dip below $150 despite the Aave App launch

Key takeaways

  • AAVE is down 4% in the last 24 hours and is now trading at $171 per coin.
  • The bearish performance comes despite the launch of the Aave App on the App Store.

Aave launches the Aave App on App Store

Aave, the largest decentralized crypto lending platform, announced on Monday that it is launching its Aave App on Apple’s App Store. The team revealed that the app will allow users to earn up to 6.5% annualized yield, higher than money market funds, leveraging Aave’s infrastructure lending protocol.

Users can also deposit funds from bank accounts, debit cards, or stablecoins. The new app also offers “balance protection” on deposits up to $1 million.

However, this announcement didn’t stop AAVE from being affected by the bearish trend of the broader crypto market. AAVE has lost 4% of its value in the last 24 hours and risks declining further as the market selloff continues.

AAVE could retest the $150 psychological level

The AAVE/USD 4-hour chart is bearish and inefficient as the coin has lost 21% of its value in the last seven days. The technical indicators are also bearish, with the RSI of 38 indicating that AAVE could enter the oversold region if the selloff continues. 

AAVE/USD 4H Chart

The MACD lines are still within the negative territory, suggesting that traders could reduce their risk in the market. If the bearish trend continues, AAVE could retest the $150 support level in the coming hours or days. An extended bearish trend could see AAVE drop below the October 10 low of $133.

However, if the market recovers, AAVE could rally towards the first major resistance level at $183. Overcoming the $200 psychological level would allow AAVE to target the recent $236 monthly high.

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