Crypto Prices Stabilize Amid Bearish Sentiment and Easing Momentum
Solana's price has been holding above $100 despite a 3% decline in the previous day. The strong institutional confidence in Solana is reflected in the over $150 million inflows into SOL-focused Exchange Traded Funds (ETFs) last week.
However, some analysts warn that Solana risks capitulation as its price tests this key threshold amid easing bullish momentum.
Cardano, on the other hand, remains under pressure, trading near key support around $0.191 after a loss of over 15% last week. Bearish derivatives metrics and weakening momentum indicators are contributing to ADA's downward trend.
Bitcoin price has been maintaining a bullish near-term bias as it holds well above its moving averages. However, the Relative Strength Index (RSI) is hovering just below overbought territory, indicating that upside momentum may be becoming stretched.