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.