Cryptocurrencies Price Prediction: Solana, Bitcoin & BONK – Asian Wrap 19 May

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Solana Price Forecast: SOL flashes bearish signals, risks double-digit crash

Solana (SOL) price shows early signs of a potential breakdown as it trades lower at $165.40 on Monday. SOL is approaching a key support level that could determine its next major move. Technical indicators flash red, and bearish sentiment intensifies, with short positions hitting a monthly high. If SOL closes below its critical support level, the selling pressure could accelerate, potentially driving the token into a double-digit decline toward the $141 mark.

Top 3 Price Prediction: BTC, ETH and XRP breakout or fakeout? Momentum tools flash weakness

Bitcoin (BTC) trades slightly lower on Monday after breaking above key resistance at $105,000 on Sunday, raising concerns of a potential bull trap. Meanwhile, Ethereum (ETH) and Ripple (XRP) hold near crucial support levels; a decisive close below their support levels could trigger a deeper correction. Moreover, these top cryptocurrencies' momentum indicators flash weakness as the broader crypto market enters a phase of consolidation and waning bullish strength.

BONK price slides despite partnership with DeFi Development Corp to launch Solana validator

BONK declined 4% on Friday despite an announcement from DeFi Development Corporation that it has entered a validator partnership with the Solana meme coin to expand its business and grow its SOL Per Share value. Solana treasury-focused firm DeFi Development Corporation has partnered with meme coin BONK to co-launch a Solana validator, according to a press release on Friday.

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XRP extends decline as muted on-chain activity, bearish technicals weigh

Ripple (XRP) continues to trade under heavy selling, trading below $1.10 at the time of writing on Wednesday. The remittance token marks four consecutive days of declines, weighed down by geopolitical tensions and significantly low risk appetite.

Crypto Today: Bitcoin, Ethereum, XRP extend technical weakness amid escalating tensions in the Middle East

Cryptocurrencies are broadly extending declines on Wednesday, after last week’s recovery. The sell-off has seen Bitcoin (BTC) slide below $62,000, increasing downside risks toward the next key support at $60,000.

Solana nears key support zone as bears aim for a 20% downside

Solana price is down 3% on Wednesday, extending a bearish reversal after an overhead trendline capped the previous week’s recovery. Institutional inflows eased to $1.67 million on Tuesday, while declining Open Interest and fluctuating funding rates indicate mixed retail demand.

Hyperliquid extends losses as retail demand fades

Hyperliquid (HYPE) slips below $70 on Wednesday, extending a steady decline so far this week. A broader market risk-off sentiment weighs down on the retail support for HYPE despite steady institutional demand, with $4.32 million in inflows on Tuesday.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.