In a recent update on X, analyst GemXBT highlighted that Solana (SOL) is moving within a consolidation phase, with the price hovering near the $147 level. The pattern indicates that SOL is coiling up, potentially preparing for a significant move once a breakout occurs. This period of sideways trading isn’t without significance. Historically, such consolidation phases can act as a prelude to sharp breakouts or breakdowns. Traders are now closely watching for volume spikes or candlestick signals that could hint at the next major trend. Current Market Context: Why Solana Consolidation Matters GemXBT emphasized that key support lies below the current price, around the $146 level, which has acted as a crucial buffer, preventing further declines and helping to maintain short-term stability. On the upside, immediate resistance is forming near $150, a level that has previously halted bullish advances. This resistance zone is now being closely monitored, as a breakout above it could trigger a stronger upward push. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play GemXBT further elaborated on the technical indicators that support SOL’s current consolidation outlook. He noted that the Relative Strength Index (RSI) continues to hover in the neutral zone, reflecting the prevailing market indecision.  This midpoint reading indicates that neither bullish nor bearish momentum is dominant at the moment, which aligns with Solana’s sideways price movement. The lack of an overbought or oversold signal suggests that a breakout in either direction is still on the table, making the coming sessions particularly crucial for confirming the next trend. In addition, GemXBT highlighted that the Moving Average Convergence Divergence (MACD) has recently formed a minor bearish crossover, which could be an early warning sign of building downward pressure. Although the signal isn’t strong enough to confirm a trend reversal yet, it does raise concerns, especially if the $147 support level fails to hold.  The Battle Between Bulls And Bears Based on GemXBT analysis, as Solana continues to consolidate between the $146 and $150 range, the market is at a crucial indecision point. After breaking out of the zone between $146 and $150, the next resistance to watch is the $164 level. If buyers are able to push the price past this barrier, it could pave the way for a rally toward the $211 level and beyond, marking a significant shift in momentum and market sentiment. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, if bearish pressure intensifies and the $146 support gives way, it might trigger a sharper decline as sellers regain control. In that case, lower support areas such as $137 and $118 would come into play quickly.  With both Solana bulls and bears eyeing these pivotal levels, the next decisive move is likely to set the tone for SOL’s short-term trend. Featured image from Adobe Stock, chart from Tradingview.com

Analyst GemXBT notes that Solana (SOL) is currently in a consolidation phase near $147, suggesting a potential breakout or breakdown ahead. Traders are monitoring volume and candlestick patterns for signals of the next major price movement.  

Solana At A Crossroads: Consolidation Before The Next Major Surge?

Despite the news that Binance will delist the token on May 2, Alpaca Finance shocked the cryptocurrency market with a 1,100% price increase in the last week. Binance announced on Apr. 24 that it would remove ALPACA and three other&#8230;

Despite the news that Binance will delist the token on May 2, Alpaca Finance shocked the cryptocurrency market with a 1,100% price increase in the last week. Binance announced on Apr. 24 that it would remove ALPACA and three other…

Despite Binance's announcement to delist ALPACA on May 2, the token surged by 2,300% following the news and remains up nearly 1,100% for the week, defying market expectations.  

ALPACA spiked 2,300% after Binance delisting news — still up nearly 1,100% for the week

Losses from hacks and scams surged in April, with one single incident accounting for most of the damage. In April, the crypto sector lost a staggering $364 million to exploits, scams, and hacks, a 1,163% surge from the $28.8 million&#8230;

Losses from hacks and scams surged in April, with one single incident accounting for most of the damage. In April, the crypto sector lost a staggering $364 million to exploits, scams, and hacks, a 1,163% surge from the $28.8 million…

In April, the crypto industry suffered significant losses totaling $364 million due to hacks and scams, marking a dramatic 1,163% increase compared to the previous month. A single major incident was responsible for the bulk of the damages.  

Crypto hack and scam losses total $364m in April: CertiK

U.S. spot Bitcoin ETFs closed out April with money flowing out as Bitcoin slipped below the $95,000 support level, partly because of worries over Trump’s new tariffs and weak U.S. economic data. According to SoSoValue data, the 12 spot Bitcoin&#8230;

U.S. spot Bitcoin ETFs closed out April with money flowing out as Bitcoin slipped below the $95,000 support level, partly because of worries over Trump’s new tariffs and weak U.S. economic data. According to SoSoValue data, the 12 spot Bitcoin…

U.S. spot Bitcoin ETFs saw outflows in late April as Bitcoin dropped below the $95,000 support level, driven by macroeconomic concerns including Trump's new tariffs and weak U.S. economic data, according to SoSoValue.  

Bitcoin ETFs end 8-day inflow run as BTC loses $95k support amid macro jitters

North Carolina&#8217;s House of Representatives passed a crypto investment bill that would allow the state treasurer to invest 5% of state investments into approved cryptocurrencies. According to the official site, the House passed North Carolina&#8217;s Digital Assets Investment Act, or&#8230;

North Carolina’s House of Representatives passed a crypto investment bill that would allow the state treasurer to invest 5% of state investments into approved cryptocurrencies. According to the official site, the House passed North Carolina’s Digital Assets Investment Act, or…

North Carolina's House of Representatives approved a bill permitting the state treasurer to allocate up to 5% of state investments into approved cryptocurrencies, advancing the Digital Assets Investment Act to the Senate for further consideration.  

North Carolina crypto investment bill passes House vote, headed to Senate

<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdmMzEtMmRiYy03Y2I5LTg4OTYtN2ZkZjQ4ZDk4NzJk.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdmMzEtMmRiYy03Y2I5LTg4OTYtN2ZkZjQ4ZDk4NzJk.jpg" alt="‘Bad breach of ethics’ — Musk echoes crypto execs in backlash against WSJ">Tesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication&rsquo;s latest report &ldquo;an EXTREMELY BAD BREACH OF ETHICS,&rdquo; after it claimed the Tesla board was actively seeking his replacement as CEO.The <a data-ct-non-breakable="null" href="https://www.wsj.com/business/autos/tesla-musk-ceo-search-board-0ce61af9" rel="null" target="null" text="null" title="null">report</a>, published on April 30, alleged that the board had approached recruitment firms due to concerns over Musk&rsquo;s political activity and split focus across multiple ventures.Musk <a data-ct-non-breakable="null" href="https://x.com/elonmusk/status/1917815854647107990" rel="null" target="null" text="null" title="null">took</a> to X to denounce the article, stating that the WSJ deliberately published false information while knowingly excluding an &ldquo;unequivocal denial&rdquo; from Tesla&rsquo;s board.Tesla board chair Robyn Denholm also issued a strong rebuttal early Thursday morning, posting on Tesla&rsquo;s official X account that the board had not contacted recruiters.&ldquo;This is absolutely false,&rdquo; she said. &ldquo;The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.&rdquo;<figure><img alt="&lsquo;Bad breach of ethics&rsquo; &mdash; Musk echoes crypto execs in backlash against WSJ" src="https://s3.cointelegraph.com/uploads/2025-05/01968a9f-34d8-77da-99d4-1635bc9cb3ec" title=""><figcaption style="text-align: center;">Musk and Tesla board dismissing WSJ report. Source: Elon Musk</figcaption></figure>Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/wall-street-journal-debacle-fuels-us-lawmakers-ill-informed-crusade-against-crypto" rel="null" target="null" text="null" title="null">WSJ debacle fueled US lawmakers&rsquo; ill-informed crusade against crypto</a><h2>Musk under scrutiny for role in DOGE</h2>The WSJ&rsquo;s report comes amid growing scrutiny of Musk&rsquo;s political involvement, particularly his advisory role in US President Donald Trump&rsquo;s Department of Government Efficiency (DOGE).Critics <a data-ct-non-breakable="null" href="https://www.cnbc.com/2025/03/31/elon-musk-says-people-against-his-doge-cuts-are-trying-to-pressure-tesla.html" rel="nofollow noopener" target="_blank" text="null" title="https://www.cnbc.com/2025/03/31/elon-musk-says-people-against-his-doge-cuts-are-trying-to-pressure-tesla.html">argue</a> that his involvement with the Trump administration has hurt Tesla&rsquo;s brand, especially in international markets. Tesla&rsquo;s first-quarter profit plunged 71%, and its market value has declined by over $800 billion since the start of the year.The automaker&rsquo;s Q1&nbsp;results&nbsp;released show revenues hit $19.34 billion, missing Wall Street&nbsp;<a data-ct-non-breakable="null" href="https://www.zacks.com/stock/news/2453237/compared-to-estimates-tesla-tsla-q1-earnings-a-look-at-key-metrics?art_rec=quote-stock_overview-zacks_news-ID01-txt-2453237" rel="null" target="null" text="null" title="null">estimates</a> by 7.85% and marking a 9.2% fall from the same period last year.However, the firm <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tesla-holds-onto-bitcoin-musk-time-doge-to-drop-significantly" rel="null" target="null" text="null" title="null">held onto its Bitcoin</a> during the first quarter of 2025. Tesla&rsquo;s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1, alongside Bitcoin&rsquo;s&nbsp;11.56% price fall to $82,514 over the same time.Musk, who also runs SpaceX, Neuralink, and the recently merged X and xAI, has <a data-ct-non-breakable="null" href="https://www.bbc.com/news/articles/c23vkd57471o" rel="null" target="null" text="null" title="null">agreed</a> to shift more of his time back to Tesla in response to shareholder pressure. According to reports, he is now advising DOGE remotely and has scaled back his physical presence in Washington.Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/elon-musk-sells-x-twitter-to-xai-amid-fraud-lawsuit" rel="null" target="null" text="null" title="null">Elon Musk&rsquo;s sale of X to xAI just made fraud lawsuit &rsquo;a lot spicer&rsquo;</a><h2>Crypto executives lash out at WSJ</h2>Musk&rsquo;s backlash against the WSJ adds to a growing chorus of criticism from crypto executives who have recently accused the outlet of misleading coverage and bias against the <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money" rel="null" target="null" text="null" title="null">digital asset industry</a>.On April 12, Binance&rsquo;s former CEO Changpeng Zhao&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/zhao-claps-back-baseless-plea-deal-allegations" rel="" target="_self" text="null" title="https://cointelegraph.com/news/zhao-claps-back-baseless-plea-deal-allegations">dismissed a WSJ report</a> that claimed he has agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).&ldquo;WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn&rsquo;t,&rdquo; Zhao wrote in an April 12 X&nbsp;post. &ldquo;People who become gov witnesses don&rsquo;t go to prison. They are protected. I heard someone paid WSJ employees to smear me.&rdquo;<figure><img alt="&lsquo;Bad breach of ethics&rsquo; &mdash; Musk echoes crypto execs in backlash against WSJ" src="https://s3.cointelegraph.com/uploads/2025-05/01968aa3-78a1-70ad-ab37-8c04291db525" title=""><figcaption style="text-align: center;">Soruce: CZ</figcaption></figure>In March 2023, Tether also <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-strikes-at-wsj-over-stale-allegations-of-faked-documents-for-bank-accounts" rel="null" target="null" text="null" title="null">rejected a WSJ report</a> alleging it used fake documents and shell companies to maintain banking access, calling the claims &ldquo;stale,&rdquo; &ldquo;inaccurate,&rdquo; and &ldquo;misleading.&rdquo;Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/cz-hits-back-at-wsj-hong-kong-crypto-etfs-take-50b-equivalent-asia-express/" rel="null" target="null" text="null" title="null">Binance hits back at WSJ, Hong Kong crypto ETF&rsquo;s take &lsquo;$50B equivalent&rsquo;: Asia Express</a><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template>

Tesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication’s latest report “an EXTREMELY BAD BREACH OF ETHICS,” after it claimed the Tesla board was actively seeking his replacement as CEO.
The report, published on April 30, alleged that the board had approached recruitment firms due to concerns over Musk’s political activity and split focus across multiple ventures.
Musk took to X to denounce the article, stating that the WSJ deliberately published false information while knowingly excluding an “unequivocal denial” from Tesla’s board.
Tesla board chair Robyn Denholm also issued a strong rebuttal early Thursday morning, posting on Tesla’s official X account that the board had not contacted recruiters.
“This is absolutely false,” she said. “The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.”
Musk and Tesla board dismissing WSJ report. Source: Elon Musk
Related: WSJ debacle fueled US lawmakers’ ill-informed crusade against crypto
Musk under scrutiny for role in DOGE
The WSJ’s report comes amid growing scrutiny of Musk’s political involvement, particularly his advisory role in US President Donald Trump’s Department of Government Efficiency (DOGE).
Critics argue that his involvement with the Trump administration has hurt Tesla’s brand, especially in international markets. Tesla’s first-quarter profit plunged 71%, and its market value has declined by over $800 billion since the start of the year.
The automaker’s Q1 results released show revenues hit $19.34 billion, missing Wall Street estimates by 7.85% and marking a 9.2% fall from the same period last year.
However, the firm held onto its Bitcoin during the first quarter of 2025. Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1, alongside Bitcoin’s 11.56% price fall to $82,514 over the same time.
Musk, who also runs SpaceX, Neuralink, and the recently merged X and xAI, has agreed to shift more of his time back to Tesla in response to shareholder pressure. According to reports, he is now advising DOGE remotely and has scaled back his physical presence in Washington.
Related: Elon Musk’s sale of X to xAI just made fraud lawsuit ’a lot spicer’
Crypto executives lash out at WSJ
Musk’s backlash against the WSJ adds to a growing chorus of criticism from crypto executives who have recently accused the outlet of misleading coverage and bias against the digital asset industry.
On April 12, Binance’s former CEO Changpeng Zhao dismissed a WSJ report that claimed he has agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).
“WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn’t,” Zhao wrote in an April 12 X post. “People who become gov witnesses don’t go to prison. They are protected. I heard someone paid WSJ employees to smear me.”
Soruce: CZ
In March 2023, Tether also rejected a WSJ report alleging it used fake documents and shell companies to maintain banking access, calling the claims “stale,” “inaccurate,” and “misleading.”
Magazine: Binance hits back at WSJ, Hong Kong crypto ETF’s take ‘$50B equivalent’: Asia Express

Elon Musk strongly criticized The Wall Street Journal (WSJ) for its report claiming Tesla's board was seeking his replacement, calling it an "EXTREMELY BAD BREACH OF ETHICS." Musk accused the WSJ of publishing false information, sparking backlash from crypto executives who echoed his sentiments.  

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Solana At A Crossroads: Consolidation Before The Next Major Surge?

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