Solana

Bitcoin ETF

Bitcoin

<p>Solana (SOL), once a standout performer among <a href="https://cryptoticker.io/en/5-cryptocurrency-experts-thoughts-after-the-bitcoin-crash-and-how-solana-has-escaped-it/" target="_blank" rel="noreferrer noopener">mega-cap altcoins</a>, has experienced a notable downturn, hitting a 30-day low of $79 during the past 24 hours. This decline comes amid a broader market downturn for altcoins, prompting crypto investors to reassess their portfolios. What to expect for <a href="https://cryptoticker.io/en/solana-price-prediction-would-it-break-new-high-price/" target="_blank" rel="noreferrer noopener">Solana (SOL) price</a>?</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" width="1200" height="800" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/SOL_1D_graph_coinmarketcap-2-1.png" alt="" class="wp-image-123892">
 <figcaption>
  Solana (SOL) Price Today
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</figure> 
<h2 id="h-solana-price-analysis-2-years-all-time-high">Solana Price Analysis: 2 years all-time high</h2> 
<p>Solana had positioned itself as one of the top-performing mega-cap altcoins in the lead-up to the spot Bitcoin ETF verdict. However, since reaching a 2-year peak of $121 on December 26, its price has witnessed a downward trend, raising concerns among investors.</p> 
<figure class="wp-block-image">
 <img src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/SOL_7D_graph_coinmarketcap-1-1.png" alt="This image has an empty alt attribute; its file name is SOL_7D_graph_coinmarketcap-1-1.png">
 <figcaption>
  Solana (SOL) Price over the past month
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</figure> 
<h2 id="h-why-is-solana-crashing">Why is Solana Crashing?</h2> 
<p>While the <a href="https://crypto.news/solana-sol-price-loses-90-support-amid-altcoin-market-downturn-what-next/" target="_blank" rel="noreferrer noopener">Solana network</a> continues to show robust growth metrics, including increasing network usage and daily active users, its price has slumped to $79 marking about a 20% loss within the week most of which happened in the earliest hours today.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" width="1200" height="800" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/SOL_7D_graph_coinmarketcap-1.png" alt="" class="wp-image-123890">
 <figcaption>
  Solana (SOL) Price over the past week
 </figcaption>
</figure> 
<p>The total market capitalization of all crypto assets excluding <a href="https://cryptoticker.io/en/why-is-bitcoin-price-crashing/" target="_blank" rel="noreferrer noopener">Bitcoin</a> (BTC) and Ethereum (ETH), reveals an 8% downtrend between January 14 and January 22. With the global altcoin market shrinking by $32 billion in the past week, SOL, as the 8th largest cryptocurrency, has been disproportionately affected.</p> 
<h2 id="h-investor-behavior-towards-solana-sol-decline">Investor Behavior towards Solana (SOL) Decline</h2> 
<p>Solana investors in the derivatives market are closing out positions in anticipation of further price declines. Open interest data reports $226 million decrease since January 17, signaling growing disinterest among investors.</p> 
<h2 id="h-solana-price-prediction-will-solana-crash">Solana Price Prediction: Will Solana CRASH?</h2> 
<p>Drawing insights from derivatives and market data, a bearish outlook is predicted, with SOL potentially dropping towards $75 in the coming days. Bollinger bands technical indicators suggest a downward trend, emphasizing that investors are currently willing to pay less for SOL than 20 days ago.</p> 
<h2 id="h-what-will-happen-to-solana-bulls-and-bears">What will Happen to Solana? Bulls and Bears</h2> 
<p>On the upside, a bullish reversal could occur if SOL surpasses $95, though the 20-day Simple Moving Average of $95 might pose a significant resistance. Investors holding unrealized losses over the last 20 days could exit at this point, impacting SOL’s upward momentum.</p> 
<p>With Solana (SOL) decline today to $79 and re-adjusting fast to surpass $80, the $75 remains a closer level than the $95 statistically, but that will also mean that it will be down by almost 40%, will it be possible? The future hours will be crucial.</p>

Will Solana Price CRASH to $75?

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