NEXTracker Option Alert: Jan 16 $50 Puts Sweep (12) near the Bid: 780 vs 2221 OI; Earnings 5/14 After Close 

NEXTracker Option Alert: Jan 16 $50 Puts Sweep (12) near the Bid: 780 @ $7.701 vs 2221 OI; Earnings 5/14 After Close Ref=$50.44

Nextracker (NASDAQ:NXT) Bolsa

NEXTRACKER INC-CL A

NEXTracker

Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

Nextracker Inc

NEXT BIOMETRICS GRP ORD by Next Biometrics Group AS

Next Biometrics Group ASA

NextCure Inc

NEXTGEN DIGITAL PLATFORMS by NextGen Digital Platforms Inc.

Nextgen Digital Platforms Inc

Investment Managers Series Trust II AXS Green Alpha ETF

NEXTRACTION ENERGY CORP by Nextraction Energy Corp.

Nextraction Energy Corp

First Trust Indxx NextG ETF

NXT NUTRITIONALS HLDG INC by NXT Nutritionals Holdings, Inc.

NXT Nutritionals Holdings Inc

Simplify Exchange Traded Funds Simplify Next Intangible Core Index ETF

Next10 Inc

NEXSTIM OYJ by NEXSTIM OYJ

NEXTPLAY TECHS INC by NextPlay Technologies, Inc.

NextPlay Technologies Inc

Next Technology Holding Inc. - Ordinary Shares

Next Technology Holding Inc

Lifeist Wellness Inc

Simplify Exchange Traded Funds Simplify Next Intangible Value Index ETF

NEXITY FINANCIAL CORP by Nexity Financial Corp.

Nexity Financial Corp

Keefe, Bruyette &amp; Woods analyst Vasundhara Govil maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Outperform and lowers the price target from $240 to $200.

News

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Outperform on Fiserv, Lowers Price Target to $200

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is trading at $0.00001486, giving a 1.95% return in a day. While SHIB dropped 9.19% in the past week, <a href="https://www.benzinga.com/money/how-to-buy-shiba-inu">it has grown 16.97% in a month</a>. The price action comes on the back of the SHIB community, which is in mayhem, as an anonymous whale has liquidated over 10.76 billion tokens, raising concerns about short-term volatility and investor sentiment.
A whale moved its full SHIB holding, valued at about $153,000, over to Bybit Exchange, in two separate transactions. The wallet had been dormant for almost a year, and the last large transaction was a 1.6 billion SHIB sale to KuCoin. The liquidation happened when SHIB consolidated below a crucial resistance of $0.000017.&nbsp;
Questions are raised about whether it was a deliberate exit on recent profits, or an early warning of more downside risk.
Don't Miss:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/go/plus-500-crypto-in-content">Trade crypto futures on Plus500 with up to $200 in bonuses</a> — no wallets, just price speculation and free paper trading to practice different strategies.</li>
<li>New to trading crypto?<a href="http://coinbase-consumer.sjv.io/m5ALXy"> Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade</a> on Coinbase.</li>
</ul>
The meme coin is trading just above the 50-day moving average, indicating that there's still technical support. Losing momentum at the current point would leave SHIB vulnerable to additional selling pressure, particularly if whales continue dumping the token.
A consolidation sentiment can be seen as the altcoin market recorded a decline of over $30 billion over the last week. The fear among SHIB investors is growing, as they are expressing concerns on social media regarding the direction of the token.
Responding to growing pessimism, Shiba Inu's marketing lead, Lucie, reminded the community on X, formerly Twitter Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWTR#NYSE">TWTR</a>), that no project can force investors to choose it. She highlighted the Shiba Inu team&#8217;s ongoing efforts to develop the ecosystem, referencing projects like Shibarium and the SHIB Metaverse. Lucie believes that continued innovation and utility-driven growth will ultimately attract loyal holders who believe in the project&#8217;s long-term value.
According to Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), SHIB can rise by 1000x and reach $1 if it crosses the market cap of $8.47 trillion. According to the on-chain activity, SHIB is one of the most actively traded meme coins despite the recent price consolidation. If projects like SHIB Metaverse and Shibarium Layer-2 expansion continue to grow, the short-term volatility can be controlled.&nbsp;
SHIB has established a bullish setup backed by the 50-day EMA, and the 200-day EMA serves as the cap at around $0.000016. If bullish momentum picks up, analysts indicate that SHIB would be back at $0.00001525 later, and even touch the $0.000020 level.
A downside break below the current $0.000014 could test the next major support at $0.000011. The increased volatility after the whale exit follows a risk that SHIB may not hold current levels.
While the whale liquidation has rattled investor confidence, there's still hope for SHIB due to its project development road map and community support. Traders are observing SHIB closely to see whether it can maintain its price and get an upward momentum, or if the whale sell-off would lead to even more price correction.
More Opportunities:
<ul class="wp-block-list">
<li>Grow your IRA or 401(k) with Crypto – <a href="https://info.irafinancial.com/lp/irafi-crypto/?utm_source=benzinga.com&amp;utm_medium=affiliate&amp;utm_campaign=y2">unlock the power of alternative investments including a Crypto IRA within your retirement account</a>.</li>
<li>Trade, earn, and grow your crypto portfolio with Crypto.com — <a href="https://www.benzinga.com/go/crypto-com-signup-bonus">plus receive up to $500 worth of rewards in the most popular tokens if you're a new customer</a>.</li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BNB

$SHIB

SHIB

TWTR

Shiba Inu At $0.00001486 Amid Whale Exit, Lucie Responds On X

Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) reported better-than-expected first-quarter sales results and reaffirmed its <a href="https://www.benzinga.com/quote/HD/earnings">full-year outlook on Tuesday.</a>
Sales rose 9.4% year over year to $39.86 billion, topping the $39.33 billion consensus. Adjusted earnings per share fell 3% to $3.56, missing the $3.60 estimate.
&#8220;Our first quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events,&#8221; commented Ted Decker, chair, president, and CEO.
Home Depot reaffirmed it forecast of total sales growth of 2.8% year-over-year, reaching $163.98 billion, below the consensus of $164.17 billion. The company anticipates adjusted earnings per share will decline about 2% to $14.94, lower than the $14.99 consensus estimate.
Home Depot shares fell 0.7% to trade at $374.33 on Wednesday.
These analysts made changes to their price targets on Home Depot following earnings announcement.
<ul class="wp-block-list">
<li>Bernstein analyst Zhihan Ma maintained Home Depot with a Market Perform and raised the price target from $380 to $398.</li>
<li>Baird analyst Peter Benedict maintained the stock with an Outperform rating and lowered the price target from $430 to $425.</li>
<li>Guggenheim analyst Steven Forbes reiterated Home Depot with a Buy and maintained a $450 price target.</li>
<li>TD Securities analyst Max Rakhlenko reiterated the stock with a Buy and maintained a $470 price target.</li>
</ul>
Considering buying HD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="588" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21104252/image-270-1024x588.png" alt="" class="wp-image-923023" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21104252/image-270-1024x588.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21104252/image-270-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21104252/image-270-768x441.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21104252/image-270.png 1107w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45535402/target-lowes-and-3-stocks-to-watch-heading-into-wednesday">Target, Lowe&#8217;s And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

Earnings

Markets

Trading Ideas

These Analysts Revise Their Forecasts On Home Depot After Q1 Results

Goldman Sachs analyst David Roman maintains Doximity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) with a Neutral and lowers the price target from $80 to $50.

DOCS

Goldman Sachs Maintains Neutral on Doximity, Lowers Price Target to $50

UBS analyst Karl Keirstead maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Neutral and lowers the price target from $340 to $320.

UBS Maintains Neutral on Salesforce, Lowers Price Target to $320

Evercore ISI Group analyst Mark Lipacis maintains Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) with a Outperform and raises the price target from $87 to $104.

ALAB

Evercore ISI Group Maintains Outperform on Astera Labs, Raises Price Target to $104

WIIM

PTPI

Petros Pharmaceuticals shares are trading lower after the company announced a transition from the Nasdaq to OTC markets.

After a week of choppy moves, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is <a href="https://www.benzinga.com/money/how-to-buy-bitcoin-btc-best-bonuses-august-2024">holding steady above $106,000</a>. The price follows ETF inflows and regulatory tailwinds from the Senate, fueling the latest push.
Around $1.1 billion in short positions are at risk of liquidation if BTC breaks $108,000 — a move that could add momentum in the coming days.
Tuesday marked the fifth straight day of net inflows into U.S. spot Bitcoin ETFs, totaling $41.7 million. It reflects consistent appetite from institutional buyers, especially in a market that&#8217;s seen retail participation stay muted. ETF activity is becoming a key driver — not just of sentiment but of actual price action.
Don't Miss:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/go/plus-500-crypto-in-content">Trade crypto futures on Plus500 with up to $200 in bonuses</a> — no wallets, just price speculation and free paper trading to practice different strategies.</li>
<li>New to trading crypto?<a href="http://coinbase-consumer.sjv.io/m5ALXy"> Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade</a> on Coinbase.</li>
</ul>
The Senate just passed the GENIUS Act, a bipartisan stablecoin bill that&#8217;s now headed to the House. Texas also cleared SB21, giving the state authority to hold Bitcoin on its balance sheet. The new SEC chair is pushing for clearer token guidelines, causing more movement on the policy front than we&#8217;ve seen in months.
Total BTC futures OI jumped 10.65% week-over-week to $74.35 billion, with Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) accounting for the largest share at $12.28 billion. Open interest is climbing, traders are clearly leaning in, and the growing pile of liquidations of around $107.5K is a level most are watching closely.
According to CoinDesk, the annualized spread between spot ETF prices and CME futures is nearing 9%. The classic long-ETF, short-futures setup tends to show up when there&#8217;s strong directional conviction among funds.
Bitcoin is moving within an ascending channel, posting higher highs and consolidating gains. Options data shows heavy call interest at $110K–$120K, which lines up with the upside traders are positioning for if this current move sticks.
Last weekend&#8217;s dip from $106K to $103K was a reminder that sell pressure shows up fast when BTC stalls near resistance. Key support sits around $102.2K, where roughly $52 million in long liquidations would get triggered on a breakdown.
JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) expects BTC to outperform gold next year, citing rising state-level adoption. Standard Chartered is calling for a potential move to $120K soon—and $200,000 by year-end if institutional demand keeps up.
Retail interest, though, is still absent. According to Google Trends, the U.S. search volume for &#8220;Bitcoin&#8221; is flat. This isn&#8217;t a hype cycle—it&#8217;s a quiet accumulation phase driven by funds, firms, and policy shifts. For now, all eyes are on $108K.
More Opportunities:
<ul class="wp-block-list">
<li>Grow your IRA or 401(k) with Crypto – <a href="https://info.irafinancial.com/lp/irafi-crypto/?utm_source=benzinga.com&amp;utm_medium=affiliate&amp;utm_campaign=y2">unlock the power of alternative investments including a Crypto IRA within your retirement account</a>.</li>
<li>Trade, earn, and grow your crypto portfolio with Crypto.com — <a href="https://www.benzinga.com/go/crypto-com-signup-bonus">plus receive up to $500 worth of rewards in the most popular tokens if you're a new customer</a>.</li>
</ul>
Image: Shutterstock

$BTC

Bitcoin Holds Above $106K As ETF Inflows Continue, Institutions Stay Bullish

UBS analyst Colin Bristow maintains ALX Oncology Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALXO#NASDAQ">ALXO</a>) with a Buy and lowers the price target from $1.2 to $1.

ALXO

UBS Maintains Buy on ALX Oncology Holdings, Lowers Price Target to $1

Evercore ISI Group analyst Shweta Khajuria reiterates Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) with a In-Line and maintains $32 price target.

Reiteration

MTCH

Evercore ISI Group Reiterates In-Line on Match Group, Maintains $32 Price Target

Ecopetrol S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EC#NYSE">EC</a>) announced Wednesday that it had signed an <a href="https://www.benzinga.com/pressreleases/25/05/n45539230/ecopetrol-s-a-signs-an-agreement-to-acquire-a-portfolio-of-up-to-1-300-megawats-of-solar-and-wind-" target="_blank" rel="noreferrer noopener">agreement to potentially acquire</a> a large-scale wind and solar energy portfolio in Colombia from Statkraft, reinforcing its commitment to renewable energy expansion.
Signed on May 20, the deal covers assets totaling up to 1.3 gigawatts in capacity, currently owned by Statkraft&#8217;s subsidiaries Enerfín Sociedad de Energía S.L.U. and Enerfin Enervento Exterior S.L. The projects are spread across the Colombian departments of La Guajira, Sucre, Córdoba, Caldas, and Magdalena.
The portfolio includes six entities managing 614 megawatts of solar capacity and three others overseeing 750 megawatts of wind energy. If finalized, the acquisition would significantly advance Ecopetrol&#8217;s goal of reaching 900 MW of renewable self-generation capacity by 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45472294/occidental-adnocs-xrg-eye-500-million-texas-carbon-capture-venture" rel="noreferrer noopener">Occidental, ADNOC&#8217;s XRG Eye $500 Million Texas Carbon Capture Venture</a>
Beyond boosting clean energy output, the initiative is expected to supply low-emission power for Ecopetrol&#8217;s internal operations, helping the company reduce reliance on volatile spot electricity markets. It also aligns with the firm&#8217;s 2040 strategy to diversify its energy sources and lower overall emissions.
Related ETFs: iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>), Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>)
Price Action: At the last check on Wednesday, EC shares were trading 0.37% higher at $8.60 premarket.
Photo: Shutterstock

Latin America

BEPC

iShares S&P Global Clean Energy Index Fund

ICLN

Colombia's Ecopetrol Eyes 1.3 GW Renewable Push With Statkraft Agreement

Deutsche Bank analyst Ross Seymore reinstates Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Hold and announces $23 price target.

Initiation

INTC

Deutsche Bank Reinstates Hold on Intel, Announces $23 Price Target

Apollo Global Management shares are trading lower amid sympathy with Wolfspeed after reports that the company is preparing for bankruptcy. Apollo Global Management, a creditor, previously helped finance Wolfspeed and may not get a full return on its investment.

UBS analyst Douglas Harter maintains Starwood Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STWD#NYSE">STWD</a>) with a Neutral and raises the price target from $19 to $19.5.

STWD

UBS Maintains Neutral on Starwood Property Trust, Raises Price Target to $19.5

Warby Parker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) shares have jumped 18.7% this week to $20.52 following the announcement of a strategic partnership with Google.
What To Know: The <a href="https://www.benzinga.com/news/25/05/45528349/warby-parker-wrby-stock-explodes-on-google-partnership-whats-going-on">collaboration</a> aims to develop AI-powered smart glasses designed for all-day wear, combining Warby Parker&#8217;s design expertise with Google&#8217;s advanced technology and Android XR platform. 
Google&#8217;s commitment to the project includes up to $150 million in total support, with $75 million allocated for product development and an additional $75 million in optional equity investment contingent on milestone achievements.
The first generation of these intelligent eyewear, available with both prescription and non-prescription lenses, is expected to launch after 2025. 
Warby Parker Co-CEOs Dave Gilboa and Neil Blumenthal highlighted the potential of multimodal AI in glasses to enhance daily interactions and elevate everyday experiences through a blend of design, utility and innovation. 
Read Also: <a href="https://www.benzinga.com/news/earnings/25/05/45542517/lowes-ceo-calls-out-near-term-housing-market-challenges-but-holds-the-line-on-outlook">Lowe&#8217;s CEO Calls Out Near-Term Housing Market Challenges But Holds The Line On Outlook</a>
<h2 class="wp-block-heading">How To Buy WRBY Stock</h2>
By now you're likely curious about how to participate in the market for Warby Parker &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Warby Parker, which is trading at $20.52 as of publishing time, $100 would buy you 4.87 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, WRBY has a 52-week high of $28.68 and a 52-week low of $12.46.

WRBY

Warby Parker (WRBY) Shares Surge On Google Smart Glasses Partnership: What's Going On?

Deutsche Bank analyst David Hoang upgrades ACADIA Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACAD#NASDAQ">ACAD</a>) from Hold to Buy and raises the price target from $20 to $35.

Upgrades

ACAD

Deutsche Bank Upgrades ACADIA Pharmaceuticals to Buy, Raises Price Target to $35

Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) reported better-than-expected first-quarter <a href="https://www.benzinga.com/quote/as/earnings">FY25 results on Tuesday</a>.
Revenue rose 23% year over year (Y/Y) to $1.47 billion (+26% Y/Y on a constant currency basis), exceeding the consensus of $1.38 billion. Adjusted EPS of 27 cents beat the consensus of 15 cents.
CEO James Zheng said, "We began 2025 with a great performance in the first quarter, and that momentum has continued into the second quarter. Led by Arc'teryx and Salomon footwear, our unique portfolio of premium technical brands continues to create white space and take market share in sports and outdoor markets around the world."
Amer Sports raised FY25 guidance for EPS from $0.64-$0.69 to $0.67-$0.72 vs. consensus of $0.67 and sales from $5.86 billion-$5.96 billion to $5.96 billion-$6.06 billion prior vs. consensus of $5.94 billion.
For the second quarter, Amer Sports anticipates adjusted EPS below $0.02, compared to an estimate of $0.01, and sales of $1.153 billion—$1.173 billion, compared to the $1.16 billion estimate.
Amer Sports shares gained 2.3% to trade at $38.21 on Wednesday.
These analysts made changes to their price targets on Amer Sports following earnings announcement.
<ul class="wp-block-list">
<li>TD Securities analyst John Kernan maintained Amer Sports with a Buy and raised the price target from $30 to $41.</li>
<li>Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight rating and raised the price target from $25 to $35.</li>
<li>UBS analyst Jay Sole maintained Amer Sports with a Buy and raised the price target from $37 to $50.</li>
</ul>
Considering buying AS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="551" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103517/image-269-1024x551.png" alt="" class="wp-image-923007" style="width:656px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103517/image-269-1024x551.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103517/image-269-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103517/image-269-768x414.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103517/image-269.png 1116w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45535402/target-lowes-and-3-stocks-to-watch-heading-into-wednesday">Target, Lowe&#8217;s And 3 Stocks To Watch Heading Into Wednesday</a> </li>
</ul>
Photo via Shutterstock

Amer Sports Analysts Boost Their Forecasts After Upbeat Q1 Results

UBS analyst Douglas Harter maintains Granite Point Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPMT#NYSE">GPMT</a>) with a Buy and raises the price target from $2.5 to $3.25.

GPMT

UBS Maintains Buy on Granite Point Mortgage, Raises Price Target to $3.25

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is currently trading at $168.8, down nearly 1% in the last 24 hours and over 5% in the past week. After <a href="https://www.benzinga.com/money/how-to-buy-solana">reaching the $180 level</a>, the token struggled to maintain momentum and is showing signs of bearish pressure. The price slump comes amid Solana's bearish pressure while the community waits for key developments like the Alpenglow Upgrade and Solana Spaces take shape.
Solana may soon undergo its most significant consensus update to date with the introduction of Alpenglow, a proposal put forward by a developer to improve the blockchain's throughput and reliability. The new model introduces a two-layered solution intended to enhance the network's speed.
Don't Miss:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/go/plus-500-crypto-in-content">Trade crypto futures on Plus500 with up to $200 in bonuses</a> — no wallets, just price speculation and free paper trading to practice different strategies.</li>
<li>New to trading crypto?<a href="http://coinbase-consumer.sjv.io/m5ALXy"> Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade</a> on Coinbase.</li>
</ul>
The upgrade announced on Monday by Anza, a Solana Labs spinout, will replace the Proof of History and Tower BTF systems with Votor and Rotor, leading to faster transaction processing. Alpenglow's Votor system can finalize blocks in one voting round if 80% of the stake is online, or two rounds if only 60% respond. Both modes operate simultaneously to ensure faster finalization.&nbsp;
Rotor reduces the number of hops data takes between nodes, helping maintain faster block times. No official launch date has been confirmed yet, but this upgrade could reshape Solana's trajectory.
Max Resnick, a lead economist at Anza, endorsed Solana during his keynote at Solana's Accelerate Conference, stating that it was never meant to compete with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), but with the New York Stock Exchange (NYSE), NASDAQ Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), CME Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>), and other centralized venues.&nbsp;
According to Resnick, the goal is to reach a round trip confirmation time of 159 milliseconds. The platform will be doing consensus on multiple blocks at the same time, eventually once every 20 milliseconds, to pop out a new block, or a set of blocks, from concurrent leaders.
Solana Spaces store in New York has reopened as a temporary pop-up with a new core team, fueled by memecoin funding. Season 2 of Solana Spaces aims to run pop-up stores for crypto merchandise during crypto conferences. The revival of the physical store stoked fans, along with the varied merchandise on sale from multiple Solana-based projects and NFT collections.
The technical indicators are sounding caution, with the Ichimoku Cloud indicating market indecision and a bearish tilt. The token's BBTrend is currently in the negative territory for the third consecutive day at -4.31, suggesting bearish pressure.
Solana's EMA indicators are nearing a potential death cross, wherein the short-term EMA moves above the long-term EMA, indicating a bearish signal. If this occurs, SOL could retest support at $170. A break below this may drag the price down to $153.99, with a deeper slide towards $141 if bearish momentum increases.
If Solana manages to reclaim the upward momentum, the first key resistance will be $176.77, a breakout above which could open the path to the next target at $184.88.
Despite major protocol changes looming, investor confidence in Solana is lagging, as caution dominates market sentiment.
More Opportunities:
<ul class="wp-block-list">
<li>Grow your IRA or 401(k) with Crypto – <a href="https://info.irafinancial.com/lp/irafi-crypto/?utm_source=benzinga.com&amp;utm_medium=affiliate&amp;utm_campaign=y2">unlock the power of alternative investments including a Crypto IRA within your retirement account</a>.</li>
<li>Trade, earn, and grow your crypto portfolio with Crypto.com — <a href="https://www.benzinga.com/go/crypto-com-signup-bonus">plus receive up to $500 worth of rewards in the most popular tokens if you're a new customer</a>.</li>
</ul>
Image: Shutterstock

$ETH

$SOL

NDAQ

Solana Price Drops Below $170, AlpenGlow Upgrade And Solana Spaces Create Buzz

AACIU

Trading Halt: Halt status updated at 10:35:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Press Releases

NXT Investors Have Opportunity to Lead Nextracker Inc. Securities Fraud Lawsuit with the Schall Law Firm

Legal

Nextracker Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. February 25, 2025 Deadline to file Lead Plaintiff Motion

Grabar Law Office is Investigating Claims on Behalf of Long-Term Shareholders of Nextracker, Inc. (NASDAQ: NXT); Driven Brands Holdings, Inc. (NASDAQ: DRVN); Extreme Networks, Inc. (NASDAQ: EXTR); and MGP Ingredients, Inc. (NASDAQ: MGPI)

FINAL SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Nextracker

NEXTRACKER ALERT: Bragar Eagel & Squire, P.C. is Investigating Nextracker Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Attention Long-Term Shareholders of Dominos Pizza Corp. (NASDAQ: DPZ); Driven Brands Holdings, Inc. (NASDAQ: DRVN); Extreme Networks, Inc. (NASDAQ: EXTR); and Nextracker, Inc. (NASDAQ: NXT): Grabar Law is Investigating Claims on Your Behalf

Comments

Nextracker

Unusual Options Activity for

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL