Key notes
- The sale of Solana pushed it behind the market capitalization of $ 60 billion in USDC.
- The whales throw soil because the Fud dominates the market.
- Analysts expect a price rebound before Sol dives more.
Solara
GROUND
$ 117.2
24h volatility:
2.4%
COURTIC CAPESSION:
$ 60.48 B
Flight. 24 hours:
$ 4.63 B
Once the fifth largest digital asset in front of BNB
Bnb
$ 579.4
24h volatility:
0.3%
COURTIC CAPESSION:
$ 84.54 B
Flight. 24 hours:
$ 984.34
And USDC, rendered sixth place to the second largest stablecoin while the intense sales pressure was more than 60% of its value in three months.
Down lower pressure occurs both while whales and retail investors have started to sell soil after US President Donald Trump announced reciprocal prices on most countries in the world, including major economies.
According to Lookonchain data, two whale addresses sold more than $ 26 million in ground tokens on April 8 and 9. Important sales volumes have proven to have an impact suddenly on the price of an asset, especially when the market wanders in fear, uncertainty and doubt (FUD).
Whales pour out $ Soil!
4W1Ree Unstaked 159 028 $ Soil($ 16.5 million) and sold 60,000 $ Soil($ 6.13 million) at $ 102 4 hours ago.
5cpair sold 89,734 $ Soil($ 9.67 million) at $ 108 2 p.m. pic.twitter.com/xlhxslxhft
– Lookonchain (@lookonchain) April 9, 2025
This led Solana to seventh place among the main cryptocurrencies with a market capitalization of around 55 billion dollars.
Sol has moved between $ 100 and $ 111 during the last day. The token is currently negotiating at $ 107.
Solana experienced $ 19.6 million in liquidations, $ 12.6 million long and $ 7 million, due to the sale of whales and the overall sloping feeling on the market.
Can Solana (soil) recover?
Solana has already lost 64% of its value compared to its summit of $ 294 in mid-January. The assets ranked fifth with a market capitalization of $ 140 billion at its peak.
Crypto Ted Pillows analyst believes that Solana notes a price model similar in the third quarter of 2023 when Sol began his bull from a local hollow of about $ 20.
$ Soil I just bounced back from its multi -year support trend.
The last time Solana retest was in the third quarter of 2023, and Sol fired 1,000% after that.
Will something similar happen? pic.twitter.com/52dbeuvrvx
– Ted (@tedpillows) April 8, 2025
Another analyst on X, known as cryptobullet, shared a graph suggesting that Solana’s price could see the head and shoulder model. The analyst expects Sol to reach the $ 200 mark before seeing a massive correction below the $ 50 area.
$ Soil 1D graphic
GOOD, $ Soil broken on August 5 low 📉
NOW #Solana is officially cooked. Even Solana Moonboys cannot deny
What is the next step? I always expect a good mid-term bounce at ~ $ 200 (lower) then to the C ($ 30-40) pic.twitter.com/2eg8ojkevt
– Cryptobullet (@ cryptobullet1) April 8, 2025
The cryptography market is currently unpredictable due to the macro and the micro uncertainty triggered by the world tariff war.
Many factors such as Bitcoin
BTC
$ 81 488
24h volatility:
0.1%
COURTIC CAPESSION:
$ 1.62 T
Flight. 24 hours:
$ 43.70 B
The market capitalization ratio compared to its ceiling carried out suggests that the Bull Run is already finished and that a lowering market would be expected for about six months.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between DEFI and Macro on his newsletter, on Chain Moine.
Wahid Pessarlay on x
