ChainCatcher news, according to Cointelegraph, the SOL/ETH trading pair has broken below a rising wedge pattern that has persisted for several months. Based on this pattern, the potential downside target is 0.038 ETH, which could represent a 40% pullback from current levels. Data from May 29 shows that the short-term support for this trading pair is around 0.0628 ETH.On-chain data indicates that memecoin activity in the Solana ecosystem has significantly cooled down. The daily fee revenue of the main issuance platform Pump.fun has dropped to a nearly one-year low, a substantial decline from the peak in the first quarter of 2025. A recent report from Standard Chartered Bank pointed out that the development of Ethereum Layer 2 solutions could pose competitive pressure on Solana.

ChainCatcher news, according to CoinDesk, XRP has formed a "rising wedge" pattern in the technical chart, indicating that the recent rebound to $1.60 may have ended, with sellers regaining control of the market. This pattern consists of gradually converging highs and lows, usually signaling a weakening upward momentum. If the price breaks below the lower trendline, it could trigger further declines.XRP has currently fallen below the Ichimoku cloud support, reinforcing the bearish signal. If it cannot break through the recent high of $2.18, there is a risk that the price may retreat to the support level of $1.60.