Solana (SOL) is forming a descending triangle on some charts, a pattern some analysts interpret as a sign of potential downside if support levels break. Cardano (ADA) is also showing weakness in recent trading, with some technical readings suggesting further downside if selling pressure continues.
Separately, Cold Wallet (CWT) has been marketing an upcoming launch and highlighting its reported purchase of Plus Wallet, which it says added more than 2 million users. The project also describes a token-sale fundraising campaign and a rewards model tied to transaction activity; these details are based on project materials and have not been independently verified.
Solana Nears Crucial Support with 10% Decline Risk
Solana’s price action has remained under pressure since its June peak, and some chart watchers describe the setup as a descending triangle. SOL has been trading near $163 and hovering above the $160 area, which some traders treat as a key support zone. A sustained move below that level could increase the risk of a decline toward the low $150s.
Market participants will typically monitor whether spot flows and broader risk sentiment shift. For example, renewed inflows, a clear bounce from support, or a move above nearby resistance levels could indicate stabilization, though none of these outcomes is assured.
Cardano Could Face a 25% Decline
Cardano (ADA) has weakened after failing to stay above $0.74, with some market watchers highlighting $0.53 as a potential downside level based on technical structure. Some on-chain trackers also point to changes in exchange-related flows as a sign that sentiment may be cautious. In derivatives markets, certain data providers have shown a higher share of short positioning during recent sessions, which can add to downside volatility.
Indicators such as the MACD and on-balance volume have been trending lower, consistent with weakening momentum. Whether ADA stabilizes or continues lower will likely depend on broader market conditions, volume, and how price reacts around key support zones.
Cold Wallet Secures Major Advantage with Plus Wallet Takeover
Cold Wallet has described a $270 million takeover of Plus Wallet as a step intended to accelerate growth ahead of launch. The project says the transaction added more than 2 million active users; this figure has not been independently verified by this outlet.
According to the project, the integration is designed to support a rewards program linked to certain wallet activities. Cold Wallet also presents its interface as an attempt to reduce complexity compared with existing crypto wallets, though user experience can vary and such claims are subjective.
Cold Wallet has also promoted a token-sale fundraising campaign and reported raising $5.85 million. The project describes a staged pricing structure, but any future market price for the token is uncertain and depends on factors beyond the project’s control.
Final Say
Recent technical signals for Solana (SOL) and Cardano (ADA) suggest near-term volatility, with some analysts focusing on specific support levels and positioning data. Cold Wallet, meanwhile, has publicized an acquisition of Plus Wallet and outlined a rewards concept alongside a token-sale fundraising campaign, with figures and claims primarily drawn from the project’s own communications.
Cold Wallet links (for reference):
Website: https://coldwallet.com/
X: https://x.com/coldwalletapp
This article contains information about a cryptocurrency token sale. Crypto Economy is not associated with the project. This article is for informational purposes only and does not constitute financial or investment advice.
