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SOL’s Bearish Trend Continues, BNB Rebounds From Key Support, EV2 Token Presale Attracts Early Buyers

The post SOL’s Bearish Trend Continues, BNB Rebounds From Key Support, EV2 Token Presale Attracts Early Buyers appeared com. Crypto Presales SOL Stays Within a Multi-Month Descending Trendline, BNB holds near a key support level, as early buyers turn their attention to the EV2 token presale. The crypto market is staring at another red day after fresh selling pressure dragged Bitcoin to the $96,000 region. That move pushed fear back into large-cap assets, with Solana (SOL) and BNB, ranked 6th and 5th by market cap, both fighting to hold key levels. SOL, in particular, has continued to lose momentum after weeks of heavy selling. BNB is also struggling to stay afloat as it approaches a key support zone. Investors tracking the two coins now face a market where fundamentals, sentiment, and liquidity are pulling in opposite directions. Solana Faces Steep Support Gap as Questions About Its Future Intensify Solana’s drop over the past several weeks has revived the recurring question: “Is Solana dead?” The frustration is growing as price weakness comes right after Solana ETF approvals, which attracted more than $369 million. Instead of gaining strength, SOL is sliding lower alongside the broader market. On the day, Solana (SOL) is trading at $142 showing small raise by just 0. 8%, per the daily chart. The coin now sits around 25% down over the last month, adding more pain to investors. On-chain activity remains strong, as major companies continue to buy SOL, while developer output has not slowed yet. But even so, analysts warn that the chart is flashing a concerning signal. Market watcher Ali (@Ali Charts) for instance, highlights that the Solana’s UTXO Realized Price Distribution (URPD) metric paints a grim picture for SOL. SOL’s URPD shows a substantial gap in demand below $144, with almost no notable support until the $24 region. That gap.

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Chainlink Signals Potential Rebound as Reserves Shrink and Traders Go Long

The post Chainlink Signals Potential Rebound as Reserves Shrink and Traders Go Long appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → Chainlink’s LINK token recently broke below the critical $16 support level, pressuring 53. 87 million tokens and shifting market sentiment to bearish. However, declining exchange reserves, strong buyer dominance in futures, and technical rebound signals suggest potential recovery if it reclaims key resistance. Declining exchange reserves indicate accumulation: A 2. 26% drop to 1. 8 billion LINK tokens shows holders moving assets off platforms, reducing sell pressure. Technical rebound in descending channel: LINK bounced from the lower boundary after an Elliott wave correction, eyeing a move toward $16. 64. 74. 32% long positioning by top traders: This 2. 89 long-to-short ratio on Binance reflects confidence in an upcoming reversal, backed by strong taker buy volume. Explore Chainlink price breakdown below $16 and signs of recovery with shrinking reserves and bullish trader positions. Stay informed on LINK’s potential rebound-subscribe for daily crypto insights. What caused Chainlink’s price breakdown below $16? Chainlink’s price breakdown below $16 stemmed from weakened sentiment and increased downside momentum, breaching a major supply zone with 53. 87 million accumulated tokens at risk. This shift transformed the level into resistance, as earlier buyers anticipated.