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Solana (SOL) Faces 77% Decline as Technical Patterns Signal Potential Drop to $60

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Highlights

  • Solana has achieved the highest number of all-time unique developers at 10,864, overtaking Ethereum’s 9,017 total
  • Current SOL price sits at approximately $82.70, representing a massive decline from the 2025 high-water mark, with technical analyst Wealthmanager forecasting a decline toward $60
  • Three consecutive rejections at the $250 resistance zone demonstrate persistent selling pressure at that critical threshold
  • The number of active DEX traders on Solana has collapsed to levels not seen in three years, indicating diminished on-chain engagement
  • Technical analyst Crypto Patel identifies the present price zone near the 0.618 Fibonacci level as a possible long-term buying opportunity spanning $75 to $45

Solana (SOL) currently hovers around the $82.70 price point, maintaining a market capitalization exceeding $47 billion. The digital asset has experienced a dramatic pullback of more than 77% from its 2025 record high. Widespread cryptocurrency market turbulence has significantly impacted the token’s valuation despite impressive underlying network statistics.

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Solana (SOL) Price

Network performance metrics remain robust. Solana has overtaken Ethereum in cumulative unique developer participation, boasting 10,864 contributors versus Ethereum’s 9,017 count. Polkadot occupies third position with 8,995 developers. The blockchain consistently handles more than 3,000 transactions every second on an ongoing basis.

However, solid fundamental indicators have failed to drive upward price momentum. SOL has encountered rejection at the $250 resistance threshold on three separate occasions. This price level has established itself as a formidable barrier where selling pressure reliably materializes.

Futures trading volume has experienced a pronounced decline following the previous peak. Bubble map analytics reveal diminishing demand throughout the market, with the intense buying activity that previously fueled the surge now notably absent.

Bearish Outlook: $60 Target Emerges

Technical analyst Wealthmanager identifies a well-defined macro bearish trend extending from the 2025 apex. SOL continues forming successive lower peaks and troughs. Resistance spanning $100 to $120 has consistently repelled every upward correction effort.

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Wealthmanager holds a short position outlook and anticipates a decline reaching the $60 threshold within a fortnight. Unconvincing bounce formations indicate that buyers currently lack sufficient strength to counteract prevailing downward pressure.

Should this support level fail, the $60–$65 demand area represents the subsequent critical zone for observation. This price range previously provided foundation during the 2024 uptrend.

Examining the two-day timeframe, price movements are developing what analyst Crypto Patel characterizes as a rising wedge configuration. This technical structure has emerged beneath the 200-week moving average. The pattern generally functions as a bearish continuation indicator when appearing following a substantial downturn.

The chart displays a rejection area positioned near the wedge’s upper boundary. A breakdown through the lower trendline would potentially trigger another downward wave.

On-Chain Metrics Show Deterioration

An additional chart published by analyst Sweep using Dune Analytics reveals DEX trader participation on Solana descending to approximately three-year lows. Wallet counts across Solana-based decentralized exchanges experienced substantial growth throughout 2024 but have subsequently undergone sharp reversal.

The metric monitors trader quantity rather than aggregate transaction value. Nevertheless, the retreat to multi-year minimums underscores a pronounced deceleration in speculative network activity.

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Contrarian Long-Term Perspective Remains

Crypto Patel interprets the current trading zone through an alternative lens focused on extended timeframes. He observes Solana is positioned near the 0.618 Fibonacci retracement boundary, spanning $75 to $45. This region corresponds with historical support zones and previous consolidation phases.

He designates this as a prospective accumulation territory, projecting long-term price objectives between $500 and $1,000 across multiple market cycles. He maintains this technical framework remains valid provided price action avoids a definitive breach below $45.

Analyst Moonbag shares a comparable perspective, highlighting price consolidation between support around $80 and resistance approaching $200. He envisions a potential upside breakout targeting $400–$600 should broader market sentiment strengthen.

As of publication, SOL is valued at $82.70.

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Crypto World

Sentient team-linked wallet shifts $11.5m SENT into fresh address

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Sentient team-linked wallet shifts $11.5m SENT into fresh address

Sentient’s suspected team wallet just moved 687 million SENT — around $11.52 million and 9.49% of supply — into a fresh address, putting AI-token treasury risk back in focus.

Summary

  • Suspected Sentient team multisig moves 687m SENT, or 9.49% of circulating supply
  • Transfer worth about $11.52m raises fresh questions over token supply overhang
  • Move follows months of volatile SENT trading as AI-linked tokens stay in focus

A suspected Sentient (SENT) team multi-signature wallet has transferred 687 million SENT, worth around $11.52 million, into a new address, on-chain data from Arkham Intelligence shows.

According to Arkham’s monitoring dashboard, the funds moved from address 0x5b54…9C0f to 0xF9D7…262A roughly 20 minutes before the alert was published, marking one of the largest single shifts in SENT supply since the token’s launch.

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Data from CoinMarketCap indicates that the 687 million SENT represents about 9.49% of the token’s 7.23 billion circulating supply, underscoring how concentrated holdings in team-linked wallets remain.

At current prices near $0.017 per SENT, the transfer’s implied value aligns with Arkham’s roughly $11.52 million estimate, although SENT has traded as high as $0.0231 in recent weeks amid renewed interest in AI-related tokens.

Arkham describes its platform as “a comprehensive blockchain intelligence platform designed to make understanding blockchain activity easier for its users,” a toolset that has increasingly been used by traders to track large team and whale movements across tokens.

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The firm has previously flagged activity in long-dormant Bitcoin wallets moving more than $250 million in BTC, showing how similar alerts can precede shifts in market sentiment when large holders reposition.

For SENT holders, the key question is whether the 687 million tokens have been repositioned for custody, internal restructuring or eventual distribution, since any sizable redeposit to exchanges could increase perceived sell pressure.

SENT’s circulating supply of 7.23 billion sits against a total supply of 34.35 billion, leaving significant headroom for future unlocks or transfers from team and treasury wallets, a dynamic that has been a recurring risk factor across the AI-token sector.

Recent coverage on crypto.news of Arkham-tracked whale moves, including a dormant Bitcoin whale moving $250 million in BTC and activity around Satoshi-linked addresses, has shown how on-chain forensics can front-run major flows in both blue-chip and niche assets.

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As Arkham notes in a broader guide to blockchain intelligence, on-chain monitoring is now a core part of trading, compliance and even law enforcement workflows, and large internal transfers like today’s Sentient move will likely remain under close watch from market participants.

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Bitcoin Holds $75K As Altcoins Search For Bullish Momentum

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Bitcoin Holds $75K As Altcoins Search For Bullish Momentum

Key points:

  • Buyers aggressively bought into the dip in Bitcoin, indicating positive sentiment. That increases the possibility of a rally to $84,000.

  • Several major altcoins have pulled back to their support levels, signaling that the bears remain sellers on rallies.

Bitcoin (BTC) corrected over the weekend but is finding buyers at lower levels, indicating a positive sentiment. According to SoSoValue data, US spot BTC exchange-traded funds recorded $996 million in inflows last week, the best weekly performance since early January. 

The cryptocurrency recovery may be at risk if the US and Iran do not reach a deal before the two-week ceasefire ends on Wednesday, or if the ceasefire is not extended. Trading resource Mosaic Asset Company said in its newsletter that “intensifying hostilities could unwind the bullish action over the past few weeks.”

Crypto market data daily view. Source: TradingView

However, the short-term uncertainty could not stop Michael Saylor’s Strategy from adding more BTC to its portfolio. The BTC treasury company purchased 34,164 BTC between April 13 and April 19 for $2.54 billion, according to an 8-K filing with the US Securities and Exchange Commission on Monday. That boosted Strategy’s holdings to 815,061 BTC acquired for $61.56 billion.

Could buyers resume the relief rally in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out. 

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S&P 500 Index price prediction

The S&P 500 Index (SPX) rallied sharply last week, rising to a new all-time high of 7,147 on Friday.

SPX daily chart. Source: Cointelegraph/TradingView

The sharp upward move propelled the relative strength index (RSI) into overbought territory, suggesting the index is at risk of a minor consolidation or pullback in the short term. The first support on the downside is at the breakout level of 7,002, followed by the 20-day exponential moving average (6,828). If the price rebounds off the 20-day EMA, it signals that the uptrend remains intact.

Sellers have an uphill task ahead of them. They will have to swiftly yank the price below the moving averages to signal a comeback. 

US Dollar Index price prediction

The US Dollar Index (DXY) turned down sharply from the 20-day EMA (98.73) on April 13 and dropped to the 97.74 support on Friday.

DXY daily chart. Source: Cointelegraph/TradingView

The index is attempting to initiate a relief rally but is expected to encounter selling pressure at the 20-day EMA. If the price again turns down from the 20-day EMA, the possibility of a break below the 97.74 level increases. That may sink the price to the 96.21 support.

The index is likely to remain inside the 95.55 to 100.54 range for a while longer. The next trending move is expected to begin on a close above the 100.54 resistance or below the 95.55 support.

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Bitcoin price prediction

BTC has bounced off the 20-day EMA ($72,832), suggesting the bulls are seeing dips as buying opportunities.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The bears are unlikely to give up easily and will attempt to halt the recovery in the $76,000 to $78,333 zone. If the BTC price turns down from the overhead zone and breaks below the moving averages, it suggests that the market has rejected the breakout.

On the other hand, a break and close above the overhead resistance zone signals the resumption of the up move. The BTC/USD pair may then skyrocket to $84,000 and eventually to the pattern target of $92,000.

Ether price prediction

Buyers tried to push Ether (ETH) above the $2,415 level on Saturday, but the bears held their ground. That started a pullback to the 20-day EMA ($2,252).

ETH/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will have to fiercely defend the 20-day EMA and secure a close above the $2,415 level to signal the resumption of the relief rally. If they do that, the ETH/USDT pair may march to the $2,800 level.

Sellers are likely to have other plans. They will attempt to push the ETH price below the moving averages, keeping the pair within the $1,916 to $2,415 range for some time.

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BNB price prediction

BNB (BNB) continues to oscillate between $570 and $687, signaling a balance between supply and demand.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The flattish moving averages and the RSI near the midpoint do not signal an advantage either to the bulls or the bears. If the BNB price breaks above $650, the next target is likely $687.

Instead, if the price breaks below the 20-day EMA, the BNB/USDT pair may plunge toward the range’s support at $570. The next trending move is expected to begin on a close above $687 or below $570.

XRP price prediction

XRP (XRP) has been consolidating between the $1.27 support and the $1.61 resistance for several days.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The flattish moving averages and the RSI just above the midpoint suggest that the range-bound action may extend for a few more days. Buyers will have to achieve a close above the downtrend line to signal a potential trend change. The XRP price may then surge to $2.

On the downside, a break and close below the $1.27 level signals that the bears are back in the driver’s seat. There is support at the $1.11 level, but that may be broken. The XRP/USDT pair may then tumble toward the support line of the descending channel pattern.

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Solana price prediction

Solana (SOL) fell below its moving averages on Sunday, suggesting that higher levels are attracting sellers.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The flattish moving averages and the RSI near the midpoint indicate that the range-bound action may continue for a while. If the price remains below the moving averages, bears will attempt to push the SOL/USDT pair toward the $76 support.

Buyers will have to push the SOL price above the $90 level to open the door to a rally toward the $98 resistance. A close above the $98 level suggests the start of a sustained recovery to the $117 level.

Related: Bitcoin daily gains near 3% as stocks ignore US-Iran war threat, oil drops

Dogecoin price prediction

Dogecoin (DOGE) turned down from the $0.10 psychological level on Friday and has fallen to the moving averages.

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DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The flat moving averages and the RSI near the midpoint do not give either buyers or sellers a clear advantage. If the DOGE price breaks below the moving averages, the $0.09 support may be tested. A break below the $0.09 level may start the next leg of the downward move to $0.08 and subsequently to $0.06.

Buyers will have to push the price above the $0.10 level and maintain it to signal strength. The DOGE/USDT pair may then climb toward the $0.12 resistance level, where bears are expected to step in.

Hyperliquid price prediction

Hyperliquid (HYPE) fell back below the breakout level of $43.76 after staying above it for several days.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls are attempting to halt the pullback at the 20-day EMA ($41.03), but the bears continue to exert pressure. If the 20-day EMA gives way, the HYPE/USDT pair may plummet toward the 50-day SMA ($38.09) and then toward $34.45.

On the contrary, a bounce off the 20-day EMA suggests that the lower levels continue to attract buyers. The bulls will then attempt to drive the HYPE price above the $45.77 level again. If they succeed, the pair may skyrocket to the $50-$51.43 zone.

Cardano price prediction

Cardano (ADA) rose above the 50-day SMA ($0.26) on Friday, but the bulls could not sustain the higher levels.

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ADA/USDT daily chart. Source: Cointelegraph/TradingView

The ADA/USDT pair turned lower on Saturday, falling below the $0.25 level. Sellers will attempt to strengthen their position by driving the ADA price below $0.23. If they manage to do that, the pair may resume its downtrend to $0.22 and later to the support line of the descending channel pattern.

Buyers will have to push the price above the downtrend line and maintain it there to signal a potential short-term trend change. The pair may then rise to $0.32, then to $0.37.