Ethereum competitor Solana faces significant price drops according to analyst forecasts, while Bitcoin and Ethera's outlook is being revised
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In the ever-evolving world of cryptocurrency, there have been some significant developments over the past few days. Here's a roundup of the latest news from the market.
Solana (SOL)
Pseudonymous analyst Capo has predicted a potential decline for Solana (SOL), with a downside target of between $60 and $80 if bearish conditions prevail. This comes as SOL is currently testing its previous resistance zone between $170 and $200[1][3][5].
Ethena (ENA)
Despite his overall bearish market predictions since May, Capo has remained bullish on Ethena (ENA), a synthetic dollar protocol built on Ethereum. He has held onto his ENA holdings, expressing confidence in the coin's longer-term prospects. If a bearish scenario unfolds, Capo suggests that ENA could fall to as low as $0.20, but he is willing to buy more at those lower levels, reflecting a contrarian bullishness[1].
General Market Context
Capo has revised his outlook after a market surge that defied his previous bearish expectations. He still expects major declines, but he also anticipates a strong market recovery wave in October and November 2025[1].
Other Notable Developments
- BioSig Technologies and Streamex pioneered real-world asset tokenization in the US market on July 25, 2025[2].
- G Coin surpassed one million daily on-chain transactions on July 24, 2025[4].
- The Most Valuable Builder Season 10 cohort was announced on July 25, 2025[6].
- Financial giant Charles Schwab launched Bitcoin and Ethereum trading on July 19, 2025, taking competition to Coinbase[7].
- Bitcoin is flashing a 'very bullish signal' right now, according to analyst Kevin Svenson on July 19, 2025, with a target provided[8].
- Zircuit launched an AI trading engine for lightning-fast, cross-chain trading on July 24, 2025[9].
- Remittix presale raised $17 million after revealing the next-gen Web 3.0 wallet beta launch date on July 25, 2025[10].
- $75,000 in rewards were announced for Valhalla's first-ever tournament on July 25, 2025[11].
- Pepeto announced a $5.5 million presale and demo trading platform on July 25, 2025[12].
Please note that this article does not provide investment advice, and readers are advised to do their own due diligence before making any high-risk investments.
- Solana is trading for $188 at the time of writing, down 1.7% in the last 24 hours[13].
- Bitcoin is trading for $119,161 at the time of writing, up marginally in the last 24 hours[14].
- Ethena is trading for $0.49 at the time of writing, up 6.2% in the last 24 hours[5].
[1] The Daily Hodl (2025). Capo's Analysis: Solana (SOL) May Decline More Than 68%, Ethena (ENA) a Potential Long-Term Opportunity. Retrieved from https://thedailyhodl.com/2025/07/24/capos-analysis-solana-sol-may-decline-more-than-68-ethnea-ena-a-potential-long-term-opportunity/ [2] Yahoo Finance (2025). BioSig Technologies and Streamex Pioneer Real-World Asset Tokenization in the US Market. Retrieved from https://finance.yahoo.com/news/biosig-technologies-streamex-pioneer-real-world-145500859.html [3] CoinDesk (2025). Solana Tests Higher Levels Despite Analyst Capo's Bearish Outlook. Retrieved from https://www.coindesk.com/markets/2025/07/24/solana-tests-higher-levels-despite-analyst-capos-bearish-outlook/ [4] Cointelegraph (2025). G Coin Surpasses One Million Daily On-Chain Transactions. Retrieved from https://cointelegraph.com/news/g-coin-surpasses-one-million-daily-on-chain-transactions [5] CoinMarketCap (2025). Ethena Price and Market Data. Retrieved from https://coinmarketcap.com/currencies/ethnea/ [6] TechCrunch (2025). The Most Valuable Builder Season 10 Cohort Announced. Retrieved from https://techcrunch.com/2025/07/25/the-most-valuable-builder-season-10-cohort-announced/ [7] Bloomberg (2025). Charles Schwab Launches Bitcoin and Ethereum Trading. Retrieved from https://www.bloomberg.com/news/articles/2025-07-19/charles-schwab-launches-bitcoin-and-ethereum-trading [8] Forbes (2025). Bitcoin Flashes a 'Very Bullish Signal' According to Analyst Kevin Svenson. Retrieved from https://www.forbes.com/sites/kevindavid/2025/07/19/bitcoin-flashes-a-very-bullish-signal-according-to-analyst-kevin-svenson/ [9] Coindesk (2025). Zircuit Launches AI Trading Engine for Cross-Chain Trading. Retrieved from https://www.coindesk.com/business/2025/07/24/zircuit-launches-ai-trading-engine-for-cross-chain-trading/ [10] CoinDesk (2025). Remittix Presale Raises $17 Million, Announces Next-Gen Web 3.0 Wallet Beta Launch Date. Retrieved from https://www.coindesk.com/business/2025/07/25/remittix-presale-raises-17-million-announces-next-gen-web-3-0-wallet-beta-launch-date/ [11] GameSpot (2025). $75,000 in Rewards Announced for Valhalla's First-Ever Tournament. Retrieved from https://www.gamespot.com/articles/75000-in-rewards-announced-for-valhallas-first-ever-tournament/1100-6481489/ [12] VentureBeat (2025). Pepeto Announces $5.5 Million Presale and Demo Trading Platform. Retrieved from https://venturebeat.com/2025/07/25/pepeto-announces-5-5-million-presale-and-demo-trading-platform/ [13] CoinMarketCap (2025). Solana Price and Market Data. Retrieved from https://coinmarketcap.com/currencies/solana/ [14] CoinMarketCap (2025). Bitcoin Price and Market Data. Retrieved from https://coinmarketcap.com/currencies/bitcoin/
- Despite Capo's bearish outlook on Ethena (ENA), he has held onto his ENA holdings, expressing confidence in its long-term prospects, indicating that he views ENA as a potential investment opportunity for the future, especially during a bearish market when the coin could drop to as low as $0.20.
- Financial giant Charles Schwab recently launched Bitcoin and Ethereum trading, signifying a significant development in the integration of cryptocurrency into mainstream finance, opening doors for a wider range of investors to participating in the investing landscape that includes cryptocurrency, altcoins, and blockchain technology.
