Binance Delists Trading Pairs and Pauses Services Amid System Upgrades
Binance has announced that it will delist four trading pairs on August 7 and pause certain services the following day. The exchange will remove spot trading pairs QNT/BTC, RPL/USDC, SIGN/BNB, and SKL/USDC after analyzing whether they meet important criteria such as adequate liquidity and volume.
The company will also briefly pause US stock trading on August 8 due to a scheduled system upgrade carried out by a partner broker. The process is expected to be completed within three hours, and operations should resume afterward.
Meanwhile, Solana's native token SOL has dropped below $73.50 after witnessing a 5% monthly decline. Analyst Ali Martinez predicts that a sustained close to the downside could open the door to a collapse to as low as $50.
However, other analysts have issued more optimistic forecasts for SOL. Michael van de Poppe envisions a potential uptrend to $120 if the price breaks $76, while Pepesso argues that the 'clean accumulation setup' remains valid as long as SOL stays above $45.
Dogecoin (DOGE) has also been making headlines after dropping to a three-year low of around $0.067. Market observers have identified a major bullish signal in DOGE's monthly Relative Strength Index (RSI), which has reached its most oversold level since the 2022 bear cycle.