{"id":2970,"date":"2025-04-09T14:42:00","date_gmt":"2025-04-09T13:42:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=2970"},"modified":"2025-04-09T14:38:07","modified_gmt":"2025-04-09T13:38:07","slug":"solana-sol-might-tumble-30-coming-days","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/solana-sol-might-tumble-30-coming-days\/","title":{"rendered":"Why Solana (SOL) might tumble 30% in the coming days"},"content":{"rendered":"\n

Solana : 10% Surge or 30% Drop ?<\/strong><\/h2>\n\n\n\n

At the time of writing, Solana (SOL)<\/strong> is trading around $107.50<\/strong>, after surging by over 10%<\/strong> from $97<\/strong> within 24 hours. While this recent increase has sparked enthusiasm, technical analysis and on-chain data suggest that SOL may face significant short-term decline.<\/strong><\/p>\n\n\n\n

Solana broke its crucial horizontal support of $114<\/strong> on April 6, 2025, a level that historically acted as a price reversal or bounce point. However, this time, the pattern failed, paving the way for further decline.<\/p>\n\n\n

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\"Solana<\/figure>\n<\/div>\n\n\n

Indeed, if SOL<\/a> <\/strong>remains below $114<\/strong>, historical trends indicate a potential drop of 30%<\/strong>, which could bring it back to its next support <\/strong>level at $77<\/strong>. Currently, SOL is trading<\/a> below the 200-day moving average on the daily chart, signaling a strong downtrend with continuous downward momentum.<\/p>\n\n\n\n

If Solana fails to reach $135,<\/strong> it will continue its drop to $80-77.<\/strong><\/p>\n\n\n\n

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Technical Analysis and On-Chain Metrics: Bearish Signals Accumulating<\/strong><\/h2>\n\n\n\n

On-chain metrics also confirm the bearish sentiment<\/strong> among traders. Coinglass data shows that traders hold more short positions<\/strong> than long positions in the market, with $85 million<\/strong> in short positions built at the $113.10<\/strong> resistance level. This suggests that bears currently dominate this asset.<\/p>\n\n\n\n

In summary, Solana <\/strong>could see an increase in the coming days up to $120 to liquidate shorts<\/strong> and then trend back downwards.<\/p>\n\n\n

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\"Solana<\/figure>\n<\/div>\n\n\n

However, these short and long positions are likely to be liquidated once the price significantly moves in either direction. Hence, the support level of $77<\/strong> becomes a crucial point to monitor for Solana investors<\/a>, as a fallback to this level would indicate a major shift in project dynamics.<\/p>\n\n\n\n

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