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Solana's price retreated from $180 to $140 amid FTX's $431 million token unlock, though technical indicators suggest support at $120 may prevent further decline.
Since the beginning of the year, Solana (SOL) has been on a turbulent price ride. At first, it rose to a new ATH but crashed 53% amid a broader market correction and is struggling to recover.
The sharp reversal aligned with a cautious mood among traders after Monday's market rally following the ambitious plan, as a CoinDesk analysis previously noted.
A deeper retracement remains likely, with $155 and $145 emerging as critical support levels to watch.
The cryptocurrency market saw a sharp selloff on Tuesday, wiping out recent gains across major digital assets. Bitcoin (BTC) once again dropped to the $84,000 level, reversing its rally after former US President Donald Trump's announcement regarding a crypto reserve.
Onchain data has revealed that FTX/Alameda has unstaked 3.03 million SOL and transferred to multiple wallets on March 4. The firm also noted that 37 wallets received the $421.3 million unstaked SOL.
Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance.
Economic uncertainty and trade tensions may dampen investor confidence, potentially leading to prolonged volatility in crypto markets. The post Crypto market in free fall ahead of Trump tariff deadline—XRP, ADA, SOL post double-digit losses appeared first on Crypto Briefing.
Cryptocurrency prices were on edge on Tuesday, mirroring the performance of American stocks. Bitcoin price plunged to $84,000, a big drop from the weekend high of over $100,000. The total market cap of all cryptocurrencies tracked by CoinMarketCap plunged by over 10% to $2.77 trillion, while liquidations jumped.
Solana (SOL -21.86%) has been giving up ground over the last day of trading. The cryptocurrency's share price was down 19.4% over the previous 24 hours as of 6:45 p.m.
The cryptocurrency market's focus has once again shifted to Bitcoin as it looks to regain its bullish momentum. A significant recovery ensued following a steep correction that saw Bitcoin momentarily fall below $92,000, driven by the U.S. announcement of a strategic crypto reserve.
The cryptocurrency market has experienced significant volatility recently, and Solana (SOL) has been one of the standout performers, making noticeable gains. As of today, SOL has risen by 15.92%, catching the attention of traders and investors alike.
President Trump's plan to create a strategic reserve of altcoins—and not solely Bitcoin—is puzzling analysts at Bernstein.
Solana price is in the spotlight as the wallets linked to the bankrupt FTX Derivatives Exchange have received a massive SOL stash in a significant headwind for the coin. According to an update from Arkham Intelligence, the wallets tied to the FTX and Alameda Research Estate received 3.033 million Solana from an unidentified address.
President Donald Trump's influence is being felt in the crypto markets, with coins falling alongside stocks ahead of tariffs taking effect.
White House AI and crypto czar David Sacks confirmed he owns no crypto assets, having sold off everything before US President Donald Trump took office.
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Gemini co-founder and CEO Tyler Winklevoss has discussed using altcoins like Solana (SOL), Cardano (ADA), and XRP in strategic crypto in the United States. His comments come amid the growing debate on the suitability of these assets and Bitcoin in a national digital assets stockpile.
Tyler Winklevoss, co-founder of Gemini, has publicly questioned the inclusion of XRP, solana (SOL), and cardano (ADA) in a proposed U.S. strategic crypto reserve. Winklevoss Criticizes Trump's Proposed Crypto Reserve Inclusion of XRP, SOL, ADA Over Suitability President Donald Trump, the 47th U.S.
ADA, XRP and SOL are seeing profit booking just a day after rallying following President Trump's US strategic crypto reserve announcement. Is the market headed toward new lows?
Solana (SOL) has delivered a dramatic shift in market structure, breaking above a descending parallel channel that had dominated its price action for several weeks. Ali Martinez (@ali_charts), who shared the attached four-hour chart, suggests that this breakout could position the token for a potential climb toward $213.
President Donald Trump announced the inclusion of XRP (Ripple), SOL (Solana), and ADA (Cardano) in a new U.S. Crypto Strategic Reserve, triggering a surge in their market value.
The crypto markets witnessed huge volatility in the past couple of days, which increased the global market capitalization to above $3 trillion. Bitcoin's price surged above $95,000, which prevented the price from falling from an extended bearish trend.
Altcoins soar as Bitcoin reclaims $93.5K amid Trump's Crypto Strategic Reserve. Can ADA hit $1.63, SOL rally to $260, and XRP break $4.26?
