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95% Crash on the Way?

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SOL Price


SOL is “basically trading in a big no man’s land,” one popular analyst argued.

Solana’s SOL has been on a severe downfall lately, with its valuation plummeting by almost 40% over the past month alone.

According to some analysts, the bears are yet to reveal their full potential, envisioning a slump below $10 in the near future.

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SOL HODLers, Beware

The leading altcoin was among the worst-affected cryptocurrencies following the latest market slump caused by Trump’s renewed tariff saga. Just a few hours ago, SOL briefly dipped to roughly $77 before snapping back above $80, meaning a 6% loss for the day.

SOL Price
SOL Price, Source: CoinGecko

The renowned analyst on X, Ali Martinez, observed the asset’s recent performance, claiming “the super trend indicator” has flashed a sell signal on the monthly chart. He noted that the last time this pattern appeared was in January 2022 and preceded a brutal 95% decline. Applying a decline of that magnitude to today’s levels would imply a staggering crash to approximately $4.

Moreover, Martinez warned investors to pay close attention to the $76 support zone. He believes that breaking below it could open the door to a further pullback to $53, $35, and $23.

Sjuul | AltCryptoGems also made bearish predictions recently. He argued that SOL “truly looks compromised on the high time frame” and is “basically trading in a big no man’s land.” The analyst claimed that as long as the price remains suppressed beneath the $110 resistance, SOL faces the risk of a deep retracement to as low as $20.

How About a Short-Term Bounce?

Despite the broader crypto market’s depressed condition and SOL’s substantial correction, the asset’s Relative Strength Index (RSI) suggests a rebound could be on the way.

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The technical analysis tool gauges the speed and magnitude of recent price movements, offering insight into whether a potential trend reversal may be developing. It ranges from 0 to 100, and ratios below 30 indicate that SOL is oversold and could be on the verge of a rally. Data shows that the RSI has dipped well below that zone on a weekly scale.

SOL RSISOL RSI
SOL RSI, Source: CryptoWaves

X user Mags revealed that the asset’s weekly RSI has reached the same level it was in December 2022, when SOL was trading around $8. In the following months, it posted a major bull run, and the analyst wondered if history was about to repeat itself.

Solana’s recent exchange netflow is another factor worth observing. Toward the end of 2025 and into early 2026, inflows exceeded outflows, suggesting that investors were moving funds from self-custody to centralized platforms. This shift is considered a bearish signal because it can be interpreted as a pre-sale step. In recent weeks, however, the trend has reversed with outflows surpassing inflows.

SOL Exchange Netflow
SOL Exchange Netflow, Source: CoinGlass
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Crypto World

Chainlink’s 86% Correction May Be Over: Here’s Why $100 Could Be Next for LINK

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR:

  • LINK has corrected over 86% from its 2021 high near $53, now compressing inside a key demand block at $5.60–$7.50.
  • CryptoPatel identifies smart money absorption at macro support, with sell-side liquidity sweeps fully absorbed on the 3W chart.
  • Three upside price targets are mapped at $26.30, $52.22, and $100, representing up to 1,675% return from the demand zone.
  • The bullish setup is invalidated if LINK prints a three-weekly candle close below the critical support level of $4.76.

Chainlink’s native token, LINK, is currently priced around $8.30 after an extended period of price compression. Analyst CryptoPatel has released a high-timeframe technical forecast pointing toward a potential 10x move.

The setup is built on multi-year chart structure and accumulated demand at macro support. With volatility contracting sharply on the three-weekly chart, market participants are watching closely for a breakout confirmation.

LINK Accumulates Inside a Multi-Year Demand Block

LINK has been trading inside a descending channel on the three-weekly chart since its 2021 cycle high near $53. The token corrected more than 86% from that peak over the following years.

Price has since compressed into a demand block between $5.60 and $7.50. This zone is where CryptoPatel identifies strong smart money absorption taking place.

Multiple higher lows have formed within this demand block on the higher timeframe. Each successive low reflects buyers stepping in before price reaches prior lows.

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CryptoPatel noted that sell-side liquidity sweeps into this support region have been fully absorbed. That behavior points toward sustained accumulation rather than distribution at current levels.

The analyst’s tweet reads: “Fractal Structure Mirroring Previous Cycle Compression Before Breakout.” This observation draws a direct parallel to prior accumulation phases in LINK’s price history.

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Each of those phases was followed by a sharp directional expansion. The current setup carries a structurally similar pattern on the same timeframe.

Volatility on the three-weekly chart has contracted to an extreme degree, according to CryptoPatel. That level of compression typically precedes a larger expansion move in either direction.

Price is currently hovering near $8, described as range equilibrium within the analyst’s framework. The descending channel resistance from the 2021 all-time high remains the defining technical ceiling.

Key Price Levels That Could Trigger a Massive Upside Move

CryptoPatel has mapped out three upside targets: $26.30, $52.22, and $100. A move to the third target from current prices would represent a gain of approximately 1,110%.

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The projected total return from the high-timeframe demand zone sits between 1,232% and 1,675%. These targets align with liquidity pools resting above current price on the higher timeframe chart.

The critical confirmation signal for this setup is a three-weekly candle close above the descending trendline resistance. A simultaneous break of the range high on that timeframe would further strengthen the bullish case.

Until that close materializes, the channel resistance remains structurally intact. Traders following this setup are waiting for that specific trigger before adding exposure.

CryptoPatel’s bullish bias holds as long as LINK stays above $4.76 on the three-weekly timeframe. That level marks the lower boundary of the high-timeframe demand zone.

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A confirmed candle close below $4.76 would signal structural failure and open the door to further downside. That threshold functions as the hard invalidation point for the entire setup.

The analyst describes this as a high-timeframe, patience-based trade with asymmetric risk-to-reward. It is best suited for spot accumulation and long-term swing positioning, per the forecast.

No macroeconomic or fundamental variables are incorporated into the analysis. Traders are encouraged to conduct independent research before making any financial decisions.

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Crypto World

Backpack Offers 20% Equity to Token Stakers Ahead of IPO

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Backpack Offers 20% Equity to Token Stakers Ahead of IPO

Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as the company moves toward a potential initial public offering.

“Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio—20% of the company today,” said Backpack CEO and founder Armani Ferrante in a post to X on Monday.

Speaking about the equity offering, Ferrante said many past token launches were built on “false promises” of utility — a pitfall he wanted to avoid. Instead, he said he wanted to offer users an alternative token structure showing long-term commitment.

“I came into crypto because I believe it’s going to change the world … But somewhere along the way, amidst the booms, the busts, the moonshots, the decentralization theater, and the straight up scams, we lost our way. I don’t know about you, but I’m just tired of false promises.”

Backpack’s offer would anchor the token’s value to company equity.

Backpack prioritizes users with tokenomics setup

Backpack first announced it would launch the Backpack token in a post on X earlier this month. 

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The tokens are intended to be unlocked in stages as the company moves toward a potential US IPO.

Backpack said 25% of the 1 million-token supply will be unlocked at the Token Generation Event, while the next 37.5% of the tokens will be released before the IPO, provided that Backpack reaches certain milestones, such as regulatory approvals and the launch of new products.