Market
Key Solana Holders’ 6-Month High Accumulation Signal Price Rise

Solana (SOL) has struggled to gain momentum over the past couple of weeks, and its price has failed to recover significantly.
Despite this, the altcoin has seen signs of stabilization, with long-term holders (LTHs) showing increasing support. This shift could indicate a potential price rise, provided the current trend holds.
Solana Investors Move To Accumulate
The HODLer Net Position Change for Solana has been positive for the past four days, with consistent green bars indicating that LTHs are accumulating more SOL. This is the longest streak of accumulation in over six months, signaling confidence from long-term investors.
As these investors continue to add to their positions, Solana could build a solid foundation for a price rebound.
LTHs tend to significantly influence Solana’s price, as their holdings reflect longer-term confidence in the cryptocurrency. If this trend continues, the growing support from LTHs could provide the necessary backing to help Solana break through key resistance levels.

However, despite the support from LTHs, Solana’s overall market sentiment is still mixed.
New addresses, an important metric for investor interest, have recently hit a six-month low. This indicates that fewer new investors are entering the market, reflecting a lack of optimism for a recovery in the short term. The last time new address activity was this low was in October, suggesting that investor confidence is currently subdued.
The drop in new addresses could signal caution among potential buyers, affecting the altcoin’s overall momentum. While LTHs continue to accumulate, the lack of fresh interest from new investors could delay any significant upward movement for Solana.

SOL Price Vulnerable To Correction
Solana is currently trading at $119, holding just above the crucial support level of $118. While the altcoin is attempting to make its way to $135, mixed market sentiments suggest it may struggle to break through this resistance.
The price could consolidate between $118 and $135 as it builds enough momentum for a potential rally.
If Solana manages to bounce back, it may continue to trade within this range, allowing time for the market to stabilize and support further price appreciation. Consolidation could help SOL gather strength before another attempt to breach the $135 level.

However, if the price falls below $118, it could signal a shift in momentum, invalidating the bullish-neutral outlook. A drop below this support level would likely lead to further declines, potentially taking Solana down to $109, which would extend investors’ losses.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP and Bitcoin Briefly Rallies After Rumors of 90-Day Tariff Pause

The brief rumor of a 90-day pause from Trump’s tariffs caused the markets to rally significantly. However, the White House squashed these rumors, fueling further crashes.
This highlights a genuine desperation in the markets as traders try to regain some bullish momentum and prevent a recession.
Trump Tariff Fakeout
The threat of Trump’s tariffs is closer than ever, and it’s causing a “Black Monday” event in the crypto markets. Bitcoin dipped below $80,000, and over $1 billion was liquidated from crypto.
However, one of the President’s advisors, Kevin Hassett, suggested this morning that he might be having second thoughts:
“Would Trump consider a 90-day pause in tariffs?’ ‘I think the president is gonna decide what the president is gonna decide … even if you think there will be some negative effect from the trade side, that’s still a small share of GDP,’” Hassett said in an interview.
This news quickly began recirculating, claiming that Trump was seriously considering a 90-day pause in tariffs. This created a huge rally in traditional markets, with the S&P 500 shooting up 6% in seconds. This rally turned on a dime to a certain extent, falling again quickly.

Following the rumor, XRP rallied nearly 10% to hit $2, while Bitcoin rebounded back to $80,000. Both assets have declined again due to the lack of credibility of the news. Overall, the volatility has been extremely chaotic in the crypto market today.

In his interview, Hassett did not make any firm commitments that Trump is considering pausing tariffs. His response focused mostly on ongoing negotiations and assertions that the tariffs would have a limited impact.
Shortly afterward, the White House officially denied any knowledge of a 90-day pause. They are still set to begin in two days.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Binance Founder CZ Joins Pakistan Crypto Council as Advisor

Changpeng ‘CZ’ Zhao, the founder of Binance, has reportedly taken on a new role as Strategic Advisor to the Pakistan Crypto Council.
Pakistan’s local media suggests that the appointment was confirmed during a meeting held in Islamabad with top government officials.
CZ Joins Pakistan Crypto Council
The Finance Minister, Senator Muhammad Aurangzeb, reportedly led the session. Other attendees included the heads of Pakistan’s key financial and regulatory bodies—the Securities and Exchange Commission and the State Bank—and senior officials from the law and IT ministries.
According to the reports, Zhao also met separately with Pakistan’s Prime Minister and Deputy Prime Minister to discuss digital asset policy and blockchain adoption.
His involvement with Pakistan follows a recent agreement with the Kyrgyz Republic. There, he is advising on Web3 infrastructure and blockchain education.
Kyrgyzstan has also launched the A7A5 stablecoin, pegged to the Russian ruble. Both Kyrgyzstan and Pakistan are looking to develop their financial ecosystem around crypto to attract industry interest in the regions.
Meanwhile, CZ continues to engage with multiple governments on crypto regulation. He has been focused on building secure frameworks and enabling digital finance ecosystems.
BeInCrypto has contacted Binance about the reports and whether the company is involved in the initiative.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low

The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market’s downturn, which was exacerbated by Donald Trump’s Liberation Day.
Compounding the bearish sentiment, the ETH/BTC ratio has now dropped to a five-year low, indicating that Bitcoin is gaining relative strength against Ethereum.
ETH/BTC Ratio Hits 5-Year Low as Traders Flee
ETH’s price decline has pushed the ETH/BTC ratio to a five-year low of 0.019. This ratio measures ETH’s relative value compared to BTC. When it rises, it indicates that ETH is outperforming BTC, either because the altcoin’s price is growing faster or the king coin’s price is falling.

Conversely, a decline like this suggests that the leading coin, BTC, is gaining strength relative to the top altcoin, ETH. It suggests that traders are moving capital into BTC, seeing it as a safer or more profitable investment at the moment despite its own price troubles.
Further, on the daily chart, ETH’s negative Chaikin Money Flow (CMF) confirms the coin’s plummeting demand. At press time, it is at -0.07.

The CMF indicator measures the volume-weighted accumulation and distribution of an asset over a set period, helping gauge buying and selling pressure. When its value falls below zero like this, it indicates that selling pressure is dominating.
ETH’s CMF readings suggest that more traders are distributing (selling) the coin than accumulating it. This reflects weakening demand and is a bearish signal for the asset’s price momentum.
ETH Flashes Oversold Signal: Is a Bounce Back on the Horizon?
ETH’s Relative Strength Index (RSI), observed on a one-day chart, shows that the altcoin is currently oversold. At press time, the momentum indicator is in a downtrend at 25.62.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 25.62, ETH’s RSI signals that the coin is deeply oversold. This presents a buying opportunity, as such lows are usually followed by a price rebound.
If this happens, ETH’s price could regain and climb back above $1,589. If this support level strengthens, it could propel ETH’s value to $1,904.

However, this rebound is not guaranteed. If ETH bears maintain dominance and selloffs continue, the coin could extend its decline and fall toward $1,197.
The post Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low appeared first on BeInCrypto.
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