$SOL $SOL 📰 Crypto News – May 6, 2025

1. Bitcoin remains stable at $94.6K

Bitcoin is trading at $94,600, showing a slight rise after stabilizing following a recent peak of $97,000.

2. Meme cryptocurrencies face resistance

Meme cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) are facing resistance in May, trying to maintain momentum after previous surges.

3. Ethereum ETF inflows stagnate

The BlackRock Ethereum ETF reported zero inflows on May 6, indicating a pause in new investments and cautious sentiment.

4. Solana shows bullish momentum

Solana (SOL) has risen by 41% in May, with $180 as the next key resistance. A breakout could push it to $221.

🧠 Educational Tip: What are ETF inflows?

ETF inflows represent new capital coming into a fund that is traded on an exchange. No inflows = cautious investors or lack of interest.

📈 Trading Strategy Insight: Watch for key resistance

The resistance level for SOL at $180 is critically important. Breakouts through resistance often trigger strong bullish movements — stay alert!

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