Solana reclaims $135 and 100-hour SMA in strong reversal attempt

Solana's price has continued to decline, impacting the SOL-backed Treasury reserves significantly, with corporate treasury companies reporting a sharp decrease in their SOL holdings amid broader market instability. This bearish trend indicates a lack of confidence among investors in the cryptocurrency market.

Pi Network's price has turned increasingly bearish, with a strong distribution forming across the current trading range, raising concerns about a potential correction that could see the price drop below $0.20. This shift in market sentiment reflects a growing uncertainty among investors regarding the stability of the cryptocurrency.

Vanguard's recent decision to embrace spot Bitcoin ETFs marks a significant shift in its investment strategy, allowing broader access to Bitcoin for retirement and retail investors. This pivot comes as Bitcoin's price has shown resilience, recently rebounding to the $92K mark, indicating renewed interest in the cryptocurrency market.

Pepe Coin's price surged by 14% in the last 24 hours, primarily driven by retail buying, despite indications of a fragile market setup characterized by hidden bearish divergence and a potential head-and-shoulders pattern that may limit further gains.

CME Group has launched new cryptocurrency benchmarks for Bitcoin, Ether, Solana, and XRP, including a VIX-style Bitcoin volatility index aimed at providing standardized pricing and risk measures for institutional investors. This initiative is part of CME's ongoing efforts to enhance the trading environment for digital assets.

AAVE's price has confirmed a bullish reversal pattern, rebounding 13.5% on December 3, despite a decline in total value locked (TVL) to a five-month low. This indicates a potential shift in market sentiment for the cryptocurrency, which has been experiencing a downtrend in recent weeks.

Bitcoin has absorbed $732 billion in new capital during its latest market cycle, characterized by increased institutional participation and a significant $24 billion in tokenized real-world assets (RWAs). This influx has led to a reduction in volatility, indicating a more stable trading environment for the cryptocurrency.

Cardano's price has shown early signs of bullish behavior, stabilizing above key support levels as the Relative Strength Index (RSI) recovers and the Exponential Moving Averages (EMAs) compress. However, significant resistance walls and stacked ask orders continue to limit its breakout potential.