• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana's Price Drop: Witnessing More Than 8% Decline

user avatar

by Giorgi Kostiuk

10 months ago

The over 8% drop in Solana's (SOL) value reflects the overall bearish sentiment in the cryptocurrency market.

Current Situation Analysis

Currently, Solana is trading at $196.97, with daily price fluctuations ranging from $193.54 to $215.29. A $37.49 million liquidation was noted over the past 24 hours.

Technical Analysis and Forecast

The four-hour trading window shows a steady downside correction. If SOL fails to hold at the current level, further decline to $192.48 is possible. Alternatively, increased buying pressure could push it past the $199.47 resistance.

Trading Volume and Trends

SOL's daily trading volume has soared by over 74.96%, reaching $5.68 billion. The Chaikin Money Flow indicator is at -0.17, indicating negative money flow and moderate selling pressure.

Despite the low relative strength index indicating oversold conditions, Solana remains under pressure. In the near term, market conditions and trading volumes may exhibit both bearish and bullish sentiments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Important Disclosure About Content

chest

Important disclosure about paid content produced by a third party, not representing editorial content or financial advice.

user avatarElias Mukuru

TRON's Infrastructure Supports Apeing's Launch

chest

Apeing is built on the TRON blockchain, which offers fast transactions and low fees, making it an ideal platform for new projects.

user avatarDiego Alvarez

PEPE (PEPE) Offers Strategic Investment Opportunity

chest

PEPE (PEPE) is currently trading near 0.00000056, down significantly from earlier levels. However, its high liquidity and cultural relevance within the meme coin space suggest that now may be a strategic time to invest.

user avatarKenji Takahashi

BONK (BONK) Remains a Strong Investment Despite Market Weakness

chest

BONK (BONK) has experienced a slight decline of about 8% in the past week, yet it continues to maintain strong liquidity and community support within the Solana ecosystem.

user avatarMaria Fernandez

Little Pepe (LILPEPE) Emerges as a Strong Contender in Meme Coin Market

chest

Little Pepe (LILPEPE) is gaining attention as it prepares to launch the first meme-native Layer 2 blockchain, attracting investors during the current market dip.

user avatarGustavo Mendoza

Visa Launches Stablecoin Prefunding Pilot at SIBOS 2025

chest

Visa has launched a stablecoin prefunding pilot through Visa Direct during SIBOS 2025 to enhance global payment capabilities and accelerate business funding.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.