Solana (SOL) is trading in the red, currently below $209 at the time of writing on Wednesday, having declined by more than 10% so far this week. On-chain and derivatives data further support the bearish view, as declines in daily active addresses, rises in short positions, and seller dominance.
Bitcoin (BTC) exhibits subtle bullish potential, trading marginally below $117,000 at the time of writing after pulling back from an intraday high of $117,286.
Ripple (XRP) displays bullish potential, trading above $2.98 on Monday as cryptocurrency prices generally recover. A break above the immediate $3.00 hurdle could bolster XRP’s technical structure, increasing the chances of a 23% breakout to its all-time high of $3.66 reached on July 18.