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You are here: Home / All Posts

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Tether and LemFi Partnership Increases Stablecoin Adoption in Cross-Border Payments

By Tina Fatima | Edited By Ammar Raza,May 19, 2026, 3:13 PM

Tether and LemFi partnership integrates USD₮ stablecoin into cross-border remittance systems, enabling faster, cheaper, and more transparent transactions. It strengthens financial inclusion across Africa and Asia by replacing traditional banking delays with an efficient blockchain-based settlement infrastructure for millions of global users.

Tether and LemFi Expand Cross-Border Financial Access

Tether has made a strategic investment in LemFi to strengthen cross-border financial infrastructure. The focus is on improving remittance flows for millions of users who live and work across countries.

LemFi connects financial activity across the UK, US, Canada, Europe, Africa, and Asia. These regions rely heavily on fast and affordable money transfers. Traditional banking systems often slow down payments and increase costs through multiple intermediaries.

Tether and LemFi partnership
Source: @tether

The Tether and LemFi collaboration aims to replace these outdated rails with blockchain-powered settlement systems. It also supports Tether’s wider ecosystem, which serves around 585 million users globally.

The goal is to expand financial access for underserved communities that depend on remittances for daily living expenses. This partnership strengthens the foundation for more efficient and inclusive global payments.

Also Read: Tether Reports $1.04 Billion Profit as Treasury Holdings Drive Q1 Growth 

USD₮ Integration for Faster Settlement

The Tether and LemFi initiative centers on integrating USD₮ as a core settlement layer within LemFi’s infrastructure.

This integration allows transactions to move across borders without relying on slow correspondent banking networks. Instead of waiting days for settlement, users can experience near-instant transfers.

The system improves liquidity flow between the Africa and Asia corridors, where remittance demand remains high. The use of the Tether-LemFi combination reduces the bumps along the way of cross-border transfers and adds visibility.

The USD₮ acts as a stable digital asset that retains its stability during the process of transactions. According to the plans of LemFi, the stablecoin is to be included in the greater network of its finance services.

As a result, there will be many benefits for users: faster payments, reduction in operational costs, and increased security. It highlights the role of stablecoins in solving financial problems in reality.

Financial Inclusion Through Digital Infrastructure

The connection formed by Tether and LemFi aligns perfectly with the idea of financial inclusion. Millions of people depend on remittances for meeting their basic requirements, such as shelter, education, and healthcare.

With the help of the blockchain-powered platform, the connection addresses the challenges created by conventional banks. The strategy adopted by Tether and LemFi provides faster and better services to people from different regions.

It creates an environment of trust for digital transactions. Due to its robust presence in the market, Tether and the regional expertise of LemFi, the combined platform increases access to new financial services.

The effort can be seen as part of the trend towards developing remittance systems based on digital technology in the world.

Also Read: Tether Freeze Hits $514M USDT Across Tron and Ethereum in 30 Days

Filed Under: Cryptocurrency News

ADA Price Analysis: Elliott Wave Pattern Suggests Recovery Target at $0.349

By Tina Fatima | Edited By Ammar Raza,May 19, 2026, 2:36 PM

Cardano (ADA) price is showing signs of stabilization after extended bearish pressure, as technical indicators point to weakening selling momentum. Analysts are watching for a possible recovery if key support levels hold. Meanwhile, Cardano’s expansion into Japan through a new payment partnership is strengthening long-term ecosystem adoption and investor sentiment.

ADA Price Stabilizes Near Major Support Zone

ADA’s 4-hour chart shows a continuing bearish structure, but price is attempting to stabilize near the $0.244–$0.249 support region.

The market remains under pressure after multiple lower highs since February. However, the current consolidation phase suggests buyers are defending this zone against another deeper breakdown.

The Elliott Wave structure indicates ADA may be forming a corrective Wave B before a potential Wave C recovery. If support remains intact, the price could rebound toward the major resistance near $0.299.

ADA price prediction chart
Source: @Morecryptoonl

According to the crypto analyst More Crypto Online, Fibonacci extension targets above that level include $0.317, $0.329, and ultimately the projected $0.349 region.

A bullish continuation depends heavily on holding above the stronger $0.227 support area. Losing this region would invalidate much of the recovery structure and expose ADA to renewed downside pressure toward $0.215.

Meanwhile, reclaiming $0.299 could shift momentum bullish and confirm a stronger medium-term recovery phase.

Also Read: ADA Price Shows Early Strength But Needs $0.32 Confirmation Breakout

RSI And MACD Momentum Improves Gradually

The technical indicators seem to be pointing to a reversal, meaning that we are getting closer to the end of the bearish pressure on the cryptocurrency.

The Relative Strength Index 14 is now at 35.63 while its Moving Average is slightly above the threshold at 31.94. However, the indicator itself seems to have curved upwards, meaning that the bulls will soon start to return into play.

ADA TradingView chart
Source: TradingView

The MACD indicator is showing the emergence of a bullish crossover in that the MACD Line rises towards -0.06736, while the Signal Line continues to hover around -0.08263. On the other hand, the histogram has started to enter the positive zone around 0.01527.

Japan Partnership Expands Cardano Payment Adoption

The Cardano ecosystem is also gaining adoption momentum in Asia with the collaboration between EMURGO, SecondFi, and Slash to launch the Cardano Card in Japan.

The Cardano Card will allow individuals to make payments with stablecoins, thus improving the practicality of Cardano and driving its growth.

This growth could boost investor confidence in ADA by increasing the number of blockchains that use payments in one of Asia’s top financial markets.

This demonstrates how Cardano is taking steps towards making the real-world crypto more usable, and making the ecosystem more accessible could fuel bullish sentiment.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: ADA Price Analysis: Cardano Eyes $0.33 as $0.25 Support Holds

Filed Under: Altcoin News

XRP Price Analysis: Will a Breakout Above $1.50 Trigger a Rally?

By Yahya Raza Sherazi | Edited By Sahana Kiran,May 19, 2026, 2:00 PM

XRP price analysis on Tuesday, May 19, remained focused on a tight technical range as traders awaited clearer breakout confirmation. Analysts cited compressed volatility, weak upside follow-through, and key support zones within a broader corrective structure.

As of writing, XRP trades at $1.38 after a 0.21% daily decline, while weekly losses reached 4.89%. CoinMarketCap data shows that the trading volume rose 5.81% to $1.95 billion as traders watched a narrow technical range for clearer confirmation signals.

Source: CoinMarketCap

Also Read: Solana Price Faces Key Rejection at $98 as Downtrend Pressure Builds

XRP Price Analysis Puts $1.80 Target in Focus

Ali Martinez, a crypto analyst, highlighted that XRP is on the verge of a major price swing. He noted that the XRP price analysis showed the tightest Bollinger Band squeeze on the 3-day chart in over a year.

When volatility compresses strongly, Martinez indicated, that is normally a sign of a sharp price expansion ahead. He said that the current zone was a range that was a no-trade area because XRP is still not confirming direction.

The analyst is waiting for a pure 3-day candlestick price break above $1.50 or below $1.29. A close above $1.50 would support a move toward his main target at $1.80.

Source: X

The analyst said that a close below $1.29 would undermine the near-term bullish scenario. The move might set the stage for a further pullback to the psychological $1 support level.

XRP Price Analysis Shows Corrective Triangle Structure

Moreover, another analyst, More Crypto Online, mentioned that XRP is still trading within a large corrective triangle following a failed upside breakout attempt. 

The analyst also noted that the rise was not backed by impulsive strength and the general range-bound scenario would be maintained for the time being.

The recent move up showed no impulsive action. This means the broader range-bound perspective is still in play.

Under the leading scenario, XRP may continue to form a larger triangle structure. Analyst added that there is a possibility of another upside move later in a C-wave.

The next resistance levels stand at $1.55, $1.60, and $1.66. If XRP shows strength within the existing structure, then these levels will continue to be the primary upside regions.

Source: X

The risk scenario is around the $1.28 support zone. The broader triangle would weaken significantly if XRP falls below that level.

Support is around the $1.30 price level before this breakdown. The wider range of support is in the $1.16 to $1.26 zone.

Futures Volume Falls as Open Interest Rises

CoinGlass data shows weaker derivative activity. The future volume declined 4.57% to $3.01 billion, while open interest increased 0.41% to $2.79 billion.

The XRP OI-weighted funding rate stands at 0.0054%. This indicated positive funding and a slight rise in open interest.

Source: CoinGlass

As per the XRP price analysis, the token is still in a tight decision zone. The next confirmed move beyond the resistance or support level could mark the beginning of the next major trend.

Also Read: XRP ETFs Record $60M Weekly Inflows, Highest in 2026

Filed Under: Cryptocurrency News

Revolut Launches Dogecoin Debit Card: Strong Target of 100K Daily Crypto Payments

By Aishwarya shashikumar | Edited By Sahana Kiran,May 19, 2026, 1:30 PM

Crypto payments are moving closer to the mainstream. The latest push comes from fintech giant Revolut, which has launched a physical Dogecoin debit card for users across the UK and parts of Europe.

The company unveiled the new card on May 18. It is the first physical crypto-branded payment card from Revolut. The design stands out. The card features a Dogecoin theme and includes an LED display that lights up when users tap to pay.

The rollout covers the UK and most of the European Economic Area. However, users in Hungary, Switzerland, and Portugal are excluded from the launch.

Also Read: Dogecoin Price Signals Major Breakout Potential as DOGE Targets $0.15

Dogecoin Debit Card Brings Crypto to Daily Spending

The Dogecoin debit card works anywhere Visa and Mastercard are accepted. That gives users access to millions of merchants worldwide. Revolut says there are no additional exchange fees when customers spend with the card. Payments settle using the real-time exchange rate at the point of sale.

The company also warned users that crypto spending may still trigger tax obligations depending on local regulations. That remains one of the biggest hurdles for crypto payments in many countries.

Crypto-linked cards are becoming more popular. Daily crypto card transactions recently crossed 100,000 on several occasions. Major exchanges like Coinbase, Gemini, and Crypto.com have also expanded their payment card services over the past year.

Source: X

Dogecoin Debit Card Highlights Revolut’s Crypto Expansion

Revolut has steadily expanded its crypto ecosystem since 2025. The company added support for Polygon, allowing users to send remittances, stake POL tokens, and make in-app crypto payments.

The Dogecoin debit card is now its most visible crypto product yet. It also arrives during a period of rapid expansion for the company’s banking business.

In March 2026, Revolut secured approval to operate as a fully licensed bank in the UK. The company has also applied for a banking license in the United States.

The launch signals a broader shift across both fintech and crypto industries. Companies are racing to connect digital assets with traditional payment networks. The goal is simple. Make crypto spending feel as easy as using cash or a normal bank card.

Also Read: Dogecoin Price Could Rebound Toward $0.15 if Buyers Regain Momentum

Filed Under: Cryptocurrency News, Altcoin News, Dogecoin (DOGE), World

Minnesota Approves Crypto Custody for Banks and Credit Unions

By Yahya Raza Sherazi | Edited By Sahana Kiran,May 19, 2026, 1:00 PM

Minnesota has approved a law allowing banks and credit unions to offer crypto custody services. The measure lets state-regulated financial institutions hold customer digital assets under rules focused on notice, internal controls, security, and asset segregation requirements for safer oversight.

HF 3709 was signed by Governor Tim Walz on Friday. According to the Minnesota Legislature website, it permits certain virtual-currency custody services to be offered and performed.

Also Read: Standard Chartered Targets Global Crypto Custody Growth with Zodia deal

Crypto Custody Rules Set Compliance Standards

The law takes effect on Aug. 1, 2026. It establishes guidelines for banks and credit unions that decide to participate in crypto custody.

Source: Reuters

The institutions should have a written policy in place prior to introducing the service. Those policies should include risk management, internal controls, security, and any other compliance policies.

They also have to inform the Minnesota Commissioner of Commerce in writing. The notice shall be provided at least 60 days prior to the commencement of crypto custody services.

The crypto custody notice should include information about their risk management framework for state review. Banks and credit unions are also required to keep their assets apart from those of their clients.

Rep. Bernie Perryman, a main author of HF 3709, supported the bill in a March press release. Minnesota financial institutions should have the opportunity to move with customers and members, he said.

Residents should not be forced to choose an out-of-state or offshore provider that may be unregulated, Perryman said. He noted that his comments were related to crypto custody and access via locally regulated custodians.

Minnesota Backs Crypto Oversight While Banning ATMs

The Minnesota Credit Union Network also welcomed the law on Friday. It stated the measure provides a secure solution for crypto management for Minnesotans.

Oversight can enhance protection from fraud, hacks, and loss, the group said. Minnesota joins New York, Wyoming, and Virginia as other states with similar rules.

The state has taken a stricter approach to crypto ATMs. Minnesota passed SF 3868 earlier this month, which prohibits the use of crypto ATMs or kiosks anywhere in the state.

As of Aug. 1, no new crypto ATMs will be allowed to be installed. Operating kiosks will not be allowed to stay, and owners will need to take them down by Dec. 31.

Last month, Canada said it intends to ban crypto ATMs. It cited fraud and money laundering risks in its spring economic update.

Bitcoin ATM operator Bitcoin Depot announced on Monday it had filed for Chapter 11 bankruptcy. It also announced it would wind down its business.

Also Read: Aster Launches 20M ASTER Validator Listing Vote System

Filed Under: Cryptocurrency News

Echo Protocol Exploit Freezes $73.2M in Fake eBTC

By Aishwarya shashikumar | Edited By Sahana Kiran,May 19, 2026, 12:00 PM

The crypto market faced another shock on Monday after the Echo protocol exploit drained hundreds of thousands of dollars from the Bitcoin-focused DeFi platform. The attack once again showed how fragile decentralized finance systems can become when smart contract vulnerabilities remain hidden.

The exploit first came to light after crypto influencer DCF GOD posted warnings on X. Soon after, blockchain analytics accounts tracked suspicious transactions tied to Echo Protocol’s eBTC token on Monad.

Source: X

According to on-chain data, the attacker minted 1,000 eBTC tokens. The exploiter then deposited 45 eBTC into the lending platform Curvance as collateral. Using that collateral, the attacker borrowed around 11.29 WBTC, valued at nearly $867,700 during the attack.

The stolen WBTC was later bridged to Ethereum and converted into ETH. Reports showed that 385 ETH eventually moved into Tornado Cash, a crypto mixer often used to hide transaction trails.

Also Read: Ethereum Exploit: Verus-Ethereum Bridge Suffers $11.4 Million Hack

Echo Protocol Exploit Raises Fresh DeFi Concerns

The Echo protocol exploit has added more pressure on the DeFi sector, which is already dealing with rising security failures this year. Blockchain tracker Lookonchain reported that the attacker still controls 955 eBTC, worth roughly $73.2 million.

DefiPrime founder Nick Sawinyh noted that most of the fake supply remains untouched because Monad’s decentralized exchanges and lending markets lack enough liquidity to absorb the tokens.

Monad co-founder Keone Hon confirmed that investigators are reviewing the exploit. He also stressed that Monad’s network infrastructure itself was not compromised.

Curvance also responded quickly. The protocol said its isolated market structure helped prevent broader damage across other lending pools. As a precaution, the platform paused the affected Echo eBTC market.

Echo Protocol Exploit Joins Growing Attack List

The Echo protocol exploit is only the latest in a series of DeFi attacks this month. Data from DefiLlama showed there have already been 13 DeFi security breaches in May alone.

Crazy — another hack just happened!

According to @dcfgod, @EchoProtocol_ on Monad was exploited.

The hacker:
minted 1,000 $eBTC ($76.64M) on Monad;
deposited 45 $eBTC ($3.45M) into Curvance;
borrowed 11.3 $WBTC ($867K) from Curvance;
bridged the 11.3 $WBTC to Ethereum and… pic.twitter.com/YeGiUFGS1j

— Lookonchain (@lookonchain) May 19, 2026

One of the biggest incidents before this attack involved the Verus Ethereum bridge exploit, which reportedly caused losses of around $11.6 million.

Echo Protocol built its reputation as a multi-chain BTCFi platform with strong activity on Aptos. Now, the platform faces growing scrutiny as users wait for answers about the root cause of the exploit and whether the stolen funds can ever be recovered.

Also Read: THORChain Hack Drains $10M+ as RUNE Drops 10%: ZachXBT

Filed Under: Cryptocurrency News, Crypto Scam, World

Swan Bitcoin Sued for Nearly $1B in Prime Trust Bankruptcy Case

By Yahya Raza Sherazi | Edited By Messam Raza,May 19, 2026, 11:30 AM

Swan Bitcoin is facing a Delaware bankruptcy lawsuit over alleged transfers from Prime Trust before its 2023 collapse. The post-bankruptcy trust claims the firm used insider access to move nearly $1 billion in Bitcoin, cash, stablecoins, and other crypto assets.

The complaint files Electric Solidus, the corporate entity behind Swan Bitcoin. It alleges the company received more than $24.6 million in cash, 11,994 Bitcoin, about 5 million USDt, and smaller amounts of other digital assets before Prime Trust filed for bankruptcy in August 2023.

Also Read: Ethereum Foundation Faces Growing Wave of Leadership Resignations

Swan Bitcoin Case Centers on $923M Bitcoin Transfer

According to the filing, the disputed Bitcoin is now valued at about $923 million. Prime Trust’s litigation trust is seeking to recover assets it says left the custodian as its financial condition worsened.

Source: Courtlistener

The case centers on an unnamed senior Prime Trust executive. The complaint says that the executive also served as a paid adviser to Swan Bitcoin through a side arrangement that began in July 2019.

According to the filing, the executive opened an encrypted chat with Swan CEO Cory Klippsten four days before Prime Trust met Nevada regulators on May 26, 2023. The chat allegedly used auto-deleting messages set to disappear every 24 hours.

The lawsuit says that feature was turned off the day after the regulator meeting. Swan Bitcoin then withdrew more than 10,000 Bitcoin from Prime Trust, according to the complaint.

Prime Trust’s post-bankruptcy trust claims the company gained an unfair advantage over other customers. It alleges Swan Bitcoin knew to transfer fiat and crypto before the bankruptcy filing to avoid major losses.

Swan Bitcoin Withdrawal Request Draws Ledger Scrutiny

The complaint also says Swan widened the scope of its withdrawal request before the Nevada meeting. The request allegedly changed from a partial transfer to a full withdrawal of funds from Prime Trust.

Prime Trust employees then rushed to complete the request before the end of business that day. The filing cites Slack messages that allegedly show staff working to process the transfers.

The lawsuit also focuses on an internal ledger created on May 25. The account was labeled “PT FBO Swan Customers,” though the complaint says that the account did not previously exist.

According to the plaintiff, the ledger made it appear that Swan customer assets had always been held separately in trust. The complaint rejects that position and says the assets were not held in trust for those customers.

Prime Trust’s litigation trust is seeking recovery under preferential transfer and actual fraudulent transfer provisions of the Bankruptcy Code. It also wants the court to block any future Swan Bitcoin claims against the estate until restitution is made.

Also Read: Iggy Azalea Hit With Major MOTHER Memecoin Lawsuit in 2026

Filed Under: Cryptocurrency News

Tokenized Stocks Could Transform Strong $126 Trillion Market: SEC

By Aishwarya shashikumar | Edited By Sahana Kiran,May 19, 2026, 11:00 AM

The U.S. Securities and Exchange Commission may be preparing one of the biggest regulatory shifts yet for digital finance. Bloomberg Law reported that the agency is considering a new “innovation exemption” that could allow platforms to trade tokenized stocks under lighter rules.

The proposal could arrive as early as this week. If approved, it would open the door for digital versions of publicly traded securities to trade more freely on blockchain-based systems.

The move signals a growing change in Washington’s attitude toward crypto infrastructure. For years, regulators focused mainly on enforcement. Now, the SEC appears ready to create rules designed specifically for blockchain-powered markets.

Also Read: BNB ETF Nears Launch After Strong Filing of Amended S-1 prospectuses with SEC

Tokenized Stocks Could Change Market Structure

Tokenized stocks are blockchain-based versions of traditional shares. Unlike normal equities, they can trade 24 hours a day and settle almost instantly.

Supporters believe this system can remove friction from financial markets. Faster settlement could lower costs and reduce delays that have existed for decades in traditional finance. Blockchain rails may also give global investors easier access to U.S. equities.

Source: X

Critics, however, warn that tokenized stocks could fragment liquidity across multiple platforms. Investor protection and market oversight also remain key concerns.

However, major institutions are moving ahead aggressively. The Depository Trust & Clearing Corporation plans to begin limited tokenized asset trades in July before a broader rollout in October. The system would support tokenized versions of stocks and ETFs backed by assets already held inside the DTCC infrastructure.

Meanwhile, Nasdaq is building a framework for blockchain-based shares while maintaining traditional ownership rights. Intercontinental Exchange, the parent company of the New York Stock Exchange, is also expanding into tokenized securities through a partnership tied to crypto exchange OKX.

Tokenized Stocks Gain SEC Support

SEC Chair Paul Atkins has openly acknowledged that existing securities laws do not fully fit blockchain systems. He recently said the agency is reviewing rules for on-chain trading, blockchain settlement, and crypto custody.

Atkins argued that modern financial systems increasingly combine trading, clearing, and settlement into one protocol. Because of that, the SEC may prefer formal rulemaking instead of relying on enforcement actions.

The push comes as firms compete to modernize the $126 trillion global equity market. If the SEC moves forward with its innovation exemption, tokenized stocks could move from a niche crypto concept into mainstream Wall Street infrastructure.

Also Read: Grayscale and VanEck Update BNB ETF Filings as SEC Review Intensifies

Filed Under: Cryptocurrency News, World

SUI Price Nears Critical Support, Eyes Possible Rally Toward $1.42

By Zagham Abbas | Edited By Ammar Raza,May 19, 2026, 8:00 AM

SUI price is facing renewed downward pressure due to the failure to sustain its previous bullish momentum. This is because the token has begun declining even after recording a significant rally at the beginning of this month. Market players are now more cautious since the price of SUI is nearing a crucial support level.

At the time of writing, SUI is trading at $1.03 with a 24-hour trading volume of $808.44 million and a market capitalization of $4.12 billion. The SUI price has dropped by 3.58% over the last 24 hours, showing increased selling activity across the broader crypto market.

SUI price chart

Source: CoinMarketCap

Also Read | Ethereum Exploit: Verus-Ethereum Bridge Suffers $11.4 Million Hack

SUI Price Near Key Support Zone

Crypto analyst BitGuru observed on May 18, 2026, that the SUI token is gradually approaching a strong support region after its latest pullback. The crypto analyst noted that when the price of SUI was trading in the same region previously, the token consolidated and eventually broke out strongly towards the $1.42 region.

SUI price analysis

Source: BitGuru’s X Post

However, BitGuru observed that this level could once again be significant for the buyer if stability prevails in the market in the days ahead. At the moment, a lot of investors are paying close attention to how SUI manages to hold on to this level of support and gather enough strength for another attempt at an upward move.

SUI Price Pullback Shows Weakening Momentum

According to technical analysis, it appears that the bullish momentum on the stock price of SUI has started to fade since there has been a sudden rise in its value this month. The RSI stands at 48.14 compared to its recent high of 62.75.

The RSI has gone below the more bullish region, indicating that perhaps the bulls have lost their dominance gradually. However, it is near a neutral level, and hence, there cannot be any confirmation on the turn towards the bearish trend.

SUI technical analysis chart

Source: TradingView

Meanwhile, the MACD oscillator is indicating declining momentum in the SUI price as well. As of now, the MACD oscillator stands at -0.01088 while the signal line is still above the former at 0.03974. Moreover, the histogram is printing shorter red bars, indicating slowing buying momentum following SUI’s run to $1.40.

Assuming that the weakness persists, investors might pay close attention to the $1.05 and $0.97 support levels, as a bounce off these levels would assist in driving the SUI price upwards. Meanwhile, a continuation of the weakness would see the price fall further.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | AI Agents in Crypto: Citadel CEO on Speed, Risk, and Blockchain Impact in 2026

Filed Under: Cryptocurrency News, Altcoin News

Solana Price Faces Key Rejection at $98 as Downtrend Pressure Builds

By Zagham Abbas | Edited By Ammar Raza,May 19, 2026, 7:30 AM

Solana price is trading in a certain range because of the inability of the coin to move above an important resistance level that lies above the channel. Currently, the market is experiencing high volatility, but there is no visible bias in the price as it keeps testing key support levels.

At press time, SOL is trading at $84.12, reflecting a 2.47% fall during the last 24 hours, due to the ongoing effect of short selling on the price. Despite the bearish move, the activity in the market is still high, with a daily trading volume of $5.12 billion and a market cap of $48.65 billion.

SOL price chart

Source: CoinMarketCap

Also Read | Iran Launches Hormuz Safe Platform Settling Maritime Insurance in Bitcoin

Solana Price Risks Further Decline

A popular crypto analyst, Ali Martinez, highlighted on May 18, 2026, that there is a significant technical formation behind the moves made by Solana. According to Martinez, the cryptocurrency failed to break through the upper boundary of the ascending channel at the price level of $98, which served as resistance previously.

SOL price chart

Source: Ali Martinez’s X Post

This implies that the momentum of the upper part is now weakening, thus increasing the probability of Solana heading towards the lower part of the channel, which is currently at $78.

Such a move would not be considered a full reversal but rather a retracement since it happens after consolidation. This occurs following prior moves. The Solana price remains confined within the support and resistance levels.

Solana Derivatives Signal Market Consolidation

Information on derivatives provides extra understanding of how the Solana price is performing currently. The open interest has decreased slightly to 0.96%, reaching $2.82 billion, meaning that there is a small decline in the leveraged positions.

SOL open interest and volume chart

Source: Coinglass

In the meantime, the volume has increased sharply by 89.33% to $3.59 billion, indicating that despite the decrease in Solana price, there have been numerous transactions with continuous adjustments in positions.

Besides, the OI weighted funding rate remains at 0.0004%, which shows that there is equilibrium in the derivatives market. This is an indication that there is no monopoly in either buying or selling at the moment. It implies that the Solana price movement is in the consolidation phase as the market awaits what it will do after the present support level.

SOL OI Weighted chart

Source: Coinglass

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Strategy Bitcoin Purchase Adds 24,869 BTC, Holdings Reach 843,738 BTC

Filed Under: Cryptocurrency News, Altcoin News

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