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The wider crypto market turned weak and this shift hit Solana hard. As prices fell across the market selling pressure on SOL increased fast. Traders and investors moved into a defensive mood. This change in feeling pushed Solana below an important price level that had held for a long time.

Solana lost support near one hundred eighteen dollars. This level had stayed strong since March two thousand twenty four. For many months buyers defended it again and again. This time the defense failed. Once that level broke sellers took control and price moved lower with speed.

Adding to the negative picture a new large wallet showed clear bearish intent. The wallet moved two million USDC onto a decentralized trading platform and opened several short trades. Data trackers showed that this wallet placed a major short position on SOL worth over six million dollars near one hundred twenty three. This action suggested that some big players expect more downside.

The selling pressure is not limited to crypto alone. Traditional markets also showed weakness. In the United States funds linked to Solana saw money flowing out. Spot funds tied to SOL recorded more than two million dollars in outflows. This points to reduced confidence from larger investors and institutions. When this kind of capital steps back it often adds weight to price declines.

At the time of writing Solana traded near one hundred fifteen dollars. In just one day it fell more than six percent. While price dropped trading activity surged. Volume more than doubled and reached over seven billion dollars. High volume during a price drop often signals strong selling interest rather than calm accumulation.

Looking at longer time frames the picture looks fragile. On weekly charts the one hundred eighteen level had acted as a floor many times. Solana bounced from this zone more than ten times in the past. Losing it now changes the market structure. What was once support can turn into resistance.

Daily charts suggest a clear risk. If SOL stays below one hundred eighteen or closes days under that level price could slide much further. Some chart models point toward the high seventies as a possible target. That would mean a drop of around thirty percent from recent levels.

Technical signals support this view. Solana trades below its fifty day average which often signals short term weakness. Another trend strength indicator shows a strong directional move. When this value rises during a downtrend it often means sellers are in control and momentum is firm.

Derivatives data also shows tension. Traders are watching key zones closely. Near one hundred thirteen many positions are stacked. Near one hundred twenty another large cluster exists. Large leveraged bets sit on both sides. Short positions are heavy but long positions are even larger. This setup increases the chance of sharp moves as price tests these zones.

Overall the tone around Solana has turned cautious. Loss of long held support combined with large short bets and fund outflows paints a negative picture. If buyers fail to reclaim one hundred eighteen soon pressure could remain high. In that case a deeper pullback toward lower levels becomes a real risk.
#solana #CryptoNewss #cryptooinsigts #Binance

The UK government has started a fresh review of stablecoins. This move comes as lawmakers try to understand how this fast growing sector could affect the country economy and money system. The review is led by the House of Lords Financial Services Regulation Committee. The goal is to study how stablecoins are growing and whether current plans to regulate them are fair and effective.

The committee has asked experts companies and the public to share views on stablecoins. They want to know how much these digital assets could grow in the coming years. They are also looking at the risks and benefits. One major focus is how stablecoins might affect control over money and the wider UK financial system. Another key question is whether stablecoins linked to the British pound can compete with those from other countries.

The chair of the committee said the review will also test whether plans from the Bank of England and the financial regulator are balanced. The aim is to protect the system without blocking progress. Submissions for the review will stay open until March eleven two thousand twenty six. This fits with the government plan to finalize stablecoin rules before the end of this year.

Earlier the Bank of England shared draft rules for pound based stablecoins. These rules explain how reserve funds should be held. Under the plan sixty percent of reserves could be placed in short term UK government bonds. This would allow issuers to earn some return. The other forty percent would be kept at the central bank and would not earn interest.

Regulators also suggested limits on how much stablecoin a person or a business can hold. The goal is to reduce risk to the financial system. These limits are meant to stop large flows of money leaving banks too quickly. Traditional banks worry that if too much money moves into stablecoins it could reduce lending and hurt the economy.

Not everyone supports these ideas. Some people in the crypto space say the rules are too strict. They argue that limits on holdings and interest make pound based stablecoins less attractive. If users cannot earn enough or hold enough value they may choose foreign options instead.

Critics also point to the United States. There stablecoin rules are more flexible. Users do not face strict holding caps. Issuers can earn interest on reserves more freely. This has helped dollar based stablecoins grow fast and dominate the market.

Right now pound based stablecoins play a very small role. Their total value is tiny compared to the global market. Most stablecoins are linked to the US dollar. The euro comes next but still far behind. This raises concern that the UK could fall further behind if its rules are too tight.

Lawmakers now face a difficult balance. They must protect banks and financial stability while also allowing innovation. If rules are too loose risks increase. If rules are too strict growth may move elsewhere.

The new inquiry shows that the UK wants more feedback before making final decisions. It is part of a wider effort to create clear rules that support safety and growth. The outcome of this review could shape the future of stablecoins in the UK and decide whether pound based options can compete on the global stage.
#cryptooinsigts #UK #CryptoNewss #Binance

$ETH $SOL $ADA Why Crypto Could Benefit Next
Despite market panic and bearish noise, crypto is showing signs of structural resilience.
Bitcoin dominance is weakening, while many altcoins remain close to long-term bottoms.
This combination often signals the early stages of capital rotation into altcoins.
Markets don’t reward fear — they reward patience and positioning.
This may not be a crash, but a transition phase that sets the stage for the next move.
those who stay focused on macro trends rather than noise may benefit most.

#WhoIsNextFedChair #Write&Earn #Write2Earn #CryptoNewss #MarketCorrection