Price Analysis View Non-AMP

Solana Price Crash to $99—Analyst Predicts 50% Drop Ahead

Published by
Zafar Naik

The wider crypto market continued with bearish sentiment as the New York traders began their new week. Bitcoin (BTC) price has been forming a rising wedge in a falling market, signaling further capitulation during the day, potentially towards $70k. 

Moreover, the heavy liquidation of long crypto traders, amounting to around $1.42 billion in the past 24 hours, has fueled the possibility of a further Selloff due to a long squeeze.

Also Read : Solana Price Prediction 2025, 2026 – 2030

Solana Bulls Give Way

As the bearish sentiment overtakes a possible bullish crypto outlook, amid the ongoing global economic crisis caused by Donald Trump’s tariff war, SOL price has signaled an onset of a macro bearish outlook. The large-cap altcoin, with a fully diluted valuation of about $51.4 billion, dropped over 15 percent to trade at about $99.66 on Monday, April 7, during the early New York session.

Worth noting that SOL traded volume surged over 330 percent in the past 24 hours to hover at about $6.9 billion. Essentially, a spike in daily average trade volume during a bearish market signals a surge in panic sellers.

SOL Price Expectations for this Week

The SOL/USD pair has continued to experience heightened volatility, amid the broader crypto market bearish outlook. Similarly, the SOL/BTC pair has been bleeding after retesting a reversal pattern characterized by a several-retest of the local top coupled with a bearish divergence of the weekly Relative Strength Index (RSI).

According to crypto analyst Ali Martinez, SOL price faces a 50 percent capitulation in the coming days to retest the next major liquidity level above $50.

Zafar Naik

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

Recent Posts

Ethena Price Rockets 20%, Can ENA Hit $1 Amid StablecoinX’s Buyback?

Ethena price has zoomed nearly 21% in a single day and over 50% across the…

July 26, 2025

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights Live XRP Price Predictions suggest XRP could reach $5.05 by the end of…

July 26, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: How High Will BTC Price Go?

Story Highlights Bitcoin is currently trading at: Predictions suggest BTC could reach $175K in 2025.…

July 26, 2025

Bitcoin Bull Run: Is 2025 Peak Coming Or Has The Cycle Changed?

Crypto markets used to move four-year cycles, driven by Bitcoin halving, interest rates, and major…

July 26, 2025

Crypto News: Vietnam Launches NDAChain to Enhance Digital Ecosystem

On Friday, the Vietnamese government launched a national blockchain platform, NDAChain, to protect information across…

July 26, 2025

Hedera Price Surges on Robinhood Listing, Is HBAR Heading to $0.30 Next?

Hedera has grabbed the spotlight in the crypto market, with a surge of over 12%…

July 26, 2025