Cardano formed a death cross on a short-term chart in late August, with the 50-day moving average slipping below the 200-day moving average, signaling near-term selling pressure. ADA has risen 26.10 percent in August and is up 9.61 percent on the week, though weekly gains have narrowed as profit-taking spread across major cryptocurrencies. Traders are also increasing bets on possible rate hikes ahead of Jackson Hole and the Sept. 15-16 FOMC meeting. Separately, Cardano’s Leios throughput upgrade cleared an early milestone on a public testnet.

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.