Solana

• Solana saw an intraday retreat due to decelerating spot ETF net inflows. • Technical resistance rejections and derivatives deleveraging further amplified the price pullback. • Ecosystem fundamentals remain intact despite the recent short-term profit-taking activity.

Ripple (XRP), Solana (SOL), and Cardano (ADA) struggle to extend last month's advance, pointing to moderating buying pressure. The technical outlook for XRP, SOL, and ADA suggests a mild near-term bearish bias as momentum weakens.

• Solana pulled back as short-term profit-taking and tactical deleveraging occurred. • Infrastructure upgrades improved transaction processing capabilities despite sell-the-news market dynamics. • Technical indicators show neutral MACD and RSI alongside a sell signal.

DeFi Development Corp. (DFDV) has launched CHAD, a variable-rate perpetual preferred stock backed by the company’s Solana (SOL) treasury strategy.

• Solana upgraded its network to expand transaction data capacity to 4,096 bytes. • Derivatives positioning and long futures accumulation reinforced positive price action for Solana. • Technical indicators including MACD, RSI, and Williams %R reflect neutral conditions.

Ripple (XRP), Cardano (ADA), and Solana (SOL) maintain a consolidative tone, struggling to sustain their upside momentum. The technical outlook for XRP, ADA, and SOL suggests downside risk as altcoins struggle to advance their August gains.