DEV Community

Sergi Mamedov
Sergi Mamedov

Posted on

🌟 Solana Price Likely to Crash 20% as Ethereum Stabilizes Above Key Support

πŸ“‰ Solana Weakens While Ethereum Stabilizes
Solana ($SOL ) has retraced 14% from its recent $295 peak to $255. Meanwhile, Ethereum (ETH) holds steady above the $3,100–$3,300 support zone, buoyed by Vitalik Buterin’s announcement halting ETH sales. This divergence highlights Ethereum’s market dominance.

πŸ“Š Ethereum Shows Stability Amid Market Volatility
ETH consolidates near the $3,050–$3,208 range, supported by the 200-day Moving Average. With an RSI near 47.57 and narrowing MACD bars, ETH indicates stabilizing momentum, attracting traders and creating resistance for altcoins like Solana.

πŸ“‰ Solana Faces Increased Selling Pressure
SOL’s price has breached key support levels, including the 50-day SMA at $232.51 and the 200-day SMA at $168.88. The Swing Failure Pattern (SFP) confirms bearish sentiment as buyers fail to sustain momentum, turning $232.51 into resistance.

πŸ“ˆ Solana Price Forecast
With RSI in oversold territory and weak demand, SOL risks a 20% decline. The $168.88 support zone, aligned with the 200-day SMA, is critical. Failure to hold this level could push SOL to $169, signaling intensified selling pressure.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement. Participation in these promotions is entirely voluntary, and you should carefully review the terms and conditions before proceeding.
Image description

Image of Timescale

πŸš€ pgai Vectorizer: SQLAlchemy and LiteLLM Make Vector Search Simple

We built pgai Vectorizer to simplify embedding management for AI applicationsβ€”without needing a separate database or complex infrastructure. Since launch, developers have created over 3,000 vectorizers on Timescale Cloud, with many more self-hosted.

Read full post β†’

Top comments (0)

Image of Timescale

Timescale – the developer's data platform for modern apps, built on PostgreSQL

Timescale Cloud is PostgreSQL optimized for speed, scale, and performance. Over 3 million IoT, AI, crypto, and dev tool apps are powered by Timescale. Try it free today! No credit card required.

Try free

πŸ‘‹ Kindness is contagious

Please leave a ❀️ or a friendly comment on this post if you found it helpful!

Okay