Panic or Profit: The Great Solana Plunge

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Well now, folks, the grand spectacle of crypto mischief marched on Monday morning like a herd of turtles. As those fine New York traders ambled into their offices clutching stale coffee, the broader crypto market put on its best frown and prepared for another solemn dance with doom. Bitcoin (BTC) even tossed in a rising wedge pattern—a fancy way of saying “trouble’s a-brewin’”—that might push the price down yonder to the cheerful locale of $70k. 😅

Now, I do believe we’ve got ourselves a real hullabaloo in long trades, with no less than $1.42 billion liquidated in the last 24 hours. That’s more zeroes than I’d care to balance in my old checkbook, and it’s enough to make one believe a further plunge is lurking ’round the corner, wagging its finger in a disapproving manner. 🤦‍♂️

Also Read : Solana Price Prediction 2025, 2026 – 2030

Solana Bulls Give Way

If you thought the crypto market was going to break into a jolly jig, I’m afraid I must disappoint you. The lingering global economic chaos, spurred on by Donald Trump’s tariff fuss, has turned Solana (SOL) into a mighty spectacle of gloom. This once-proud altcoin, boasting a fully diluted valuation of about $51.4 billion, plummeted over 15 percent to roughly $99.66 on Monday morning. Imagine the shock on folks’ faces—it’s like finding your favorite fishing hole drained of all water! 🤷‍♂️

folks are selling SOL faster than a traveling salesman hawking miracle elixirs at the county fair.

SOL Price Expectations for this Week

Volatility is shaking the Solana market like a catfish on a line, and not even the SOL/BTC pair can hide from this melancholic tune. After poking at its local top too many times, SOL surrendered to a bearish RSI divergence that spelled trouble. One might say it’s losing steam faster than a punctured hot-air balloon. 😬

#Solana is breaking out! You know where next.

— Ali (@ali_charts) April 7, 2025

According to crypto analyst Ali Martinez, Solana has a fine chance of toppling another 50 percent in the days ahead. With the next major liquidity level stubbornly sitting above $50, you might want to keep your smelling salts handy. This market’s mood swings could make a roller coaster look downright tame. 🎢

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2025-04-07 14:53