Solana is narrowly holding above its 50-day moving average around $75, but markets are placing more weight on the risk of further declines than an immediate rebound. Decrypt reported Solana traded down 1.22 percent at $75.06, while Myriad priced a 69 percent chance of a drop to $40 and a 31 percent chance of a rise to $160. A daily-chart death cross has formed, and indicators remain largely neutral.

Bitcoin rebounded to $65,000 overnight but the rise did not last and it later retreated, a report said. Despite macro factors seen as supportive for risk assets, bitcoin failed to hold above the 50-day exponential moving average and a dead cross persisted. Other indicators leaned bearish, while a squeeze momentum signal suggested a large move could be near without indicating direction. On Myriad, odds favored a drop to $55,000 over a rise to $84,000.