Solana has experienced high selling demand in the last seven days as the larger crypto market tumbles from the effect of U.S. President Donald Trump’s assertive trade strategies. Concerns about a long trade war and rising economic issues have caused a wave of panic selling in risky assets, with Solana being one of the worst impacted. The altcoin has dropped more than 60% from its recent highest price, showing how tough the market conditions are, even for strong, well-known tokens.
Meanwhile, he does not trust that this is the final market low; the appearance of bullish divergence on several charts gives traders hope for a potential price rebound. With Solana near important support levels, everyone’s watching to see if this price recovery occurs, or if the price will keep declining more.
Solana At A Crucial Juncture as $100 Level Experiences Pressure
Solana is currently at a critical technical and functional turning point, as the $100 level is still a critical price threshold. After a sharp and intense sell-off that escalated over the weekend, Solana fell more than 20% in just a few hours, showing the fear and confusion in the crypto markets. The drop below $120 indicated a big change in market mood, and falling below $100 has caused buyers to struggle to protect one of the last major support levels before prices could drop further.
Buyers first fell into chaos as price action changed suddenly falling last week, initiated by larger economic uncertainty. U.S. President Donald Trump’s latest round of tariffs has increased worries about trade disputes, increasing pressure on an unsteady global market. It is affected especially strongly by risk assets like Solana, with most altcoins facing a significant loss during escalating investor concerns.
There is still a possible ray of hope. Bluntz, who often takes a different opinion on things, mentioned on X that he has started purchasing several altcoins involving SOL and HYPE, which have fallen more than 60% in sudden drops. He pointed out the signals of possible price increases on multiple charts, which often happen before the rebound of the market.
He said, “I don’t believe this is ‘THE BOTTOM,’ but I think big bounces back are very likely.”
Price Action Details: Key Fund Availability
Solana (SOL) is now trading at $108 after a few unstable days trying to remain over the important $100 support level. This value range has become a key area for both buyers and sellers, as the overall mood in the crypto market is still uncertain. Economic instability, increasing trade issues, and continued selling pressure have made riskier assets more uncertain, and Solana is impacted as well.
Buyers are experiencing critical obstacles. To change the current trend and start recovering, Solana (SOL) needs to hold the $100 level and also get back above $120, which used to be supported but now acts as resistance. If it breaks above this level, it could lead to more gains and a possible short-term change in trend.
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