{"id":50114,"date":"2025-04-03T18:21:19","date_gmt":"2025-04-03T18:21:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-drops-13-below-115-as-bitcoin-and-ethereum-decline\/"},"modified":"2025-04-03T18:21:19","modified_gmt":"2025-04-03T18:21:19","slug":"solana-drops-13-below-115-as-bitcoin-and-ethereum-decline","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-drops-13-below-115-as-bitcoin-and-ethereum-decline\/","title":{"rendered":"Solana drops 13% below $115 as Bitcoin and Ethereum decline"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>Solana (SOL) price is down 13% to near $110 and could plunge to key support.<\/li>\n<li>Bitcoin and Ethereum have also declined, with BTC near $81k and ETH around $1.7k.<\/li>\n<li>Tariffs concerns continue to dictate risk market performance.<\/li>\n<\/ul>\n<p>The cryptocurrency market faced a brutal downturn on Thursday, April 03, 2025, with Solana (SOL) crashing 13% to below $115 to see bulls risk a dip to the psychological $100 level.<\/p>\n<p>SOL&rsquo;s sharp decline aligned with the broader market crash that also sees Bitcoin (BTC) hovering near $81k and Ethereum (ETH) trading around $1.7k.<\/p>\n<p>A cascading effect across major risk assets, including crypto, has sparked concern as investors recoil from the latest tariff announcements.<\/p>\n<p>With BTC and ETH leading top altcoins down, market sentiment has shifted rapidly over the past 24 hours.<\/p>\n<p>Most notably, analysts are saying this is likely a bottoming out, and macroeconomic pressures and on-chain activity could catalyse new upward momentum.<\/p>\n<h2>Solana plummets 13%, but is it ripe for a bounce?<\/h2>\n<p>Data from CoinGlass <a href=\"https:\/\/www.coinglass.com\/currencies\/SOL\" target=\"_blank\" rel=\"noopener\">shows<\/a> that Solana&rsquo;s open interest has dropped by 7% to $4.63 billion.<\/p>\n<p>Also, market data shows a sharp price drop of more than 13% that sees SOL range below $115 &ndash; the altcoin reached lows of $112 amid the bloodbath that also wiped billions of dollars from the global crypto market.<\/p>\n<p>With OI down, the decline suggests further pain, as a drop often precedes corrections. Should traders eye lower entry points, Solana&rsquo;s price may yet dip again.<\/p>\n<p>However, the daily chart shows SOL in oversold territory, with both RSI and MACD indicators having flipped bearish in recent days.<\/p>\n<figure id=\"attachment_288383\" aria-describedby=\"caption-attachment-288383\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-288383\" class=\"wp-caption-text\">Solana price chart by <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener\">TradingView<\/a><\/figcaption><\/figure>\n<h2>Broader market outlook<\/h2>\n<p>The broader crypto market crash happened as investors reacted to President Donald Trump&rsquo;s tariffs announcement impacting nearly 200 US trade partners.<\/p>\n<p>As analysts at CryptoQuant <a href=\"https:\/\/x.com\/cryptoquant_com\/status\/1907842145492381955\" target=\"_blank\" rel=\"noopener\">pointed out on X<\/a>, the reaction saw BTC plunge from above $88k to near $81k.<\/p>\n<p>Indeed, a single block trade saw 2,500 BTC moved, with significant inflows into Coinbase. CryptoQuant notes the rapid shift in sentiment amid the crash.<\/p>\n<p>Kobeissi Letter <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1907815353805062447\" target=\"_blank\" rel=\"noopener\">pointed<\/a> to macroeconomic concerns around tariffs as having driven the sell-off. In an X post, the market commentary platform noted the S&amp;P 500 wiped out over $2 trillion in the day on April 3.<\/p>\n<p>&ldquo;The S&amp;P 500 has now erased over $2 TRILLION today and the Russell 2000 is in bear market territory,&rdquo; analysts at the platform posted. &ldquo;The Nasdaq 100 is just 2% away from entering its first bear market since 2022. Truly a historic day in the market.&rdquo;<\/p>\n<p>Solana&rsquo;s 13% crash reflects the market-wide deleveraging, with BTC and ETH likely to provide further proof of resilience or imminent collapse.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/solana-drops-13-below-115-as-bitcoin-and-ethereum-decline\/\">Solana drops 13% below $115 as Bitcoin and Ethereum decline<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solana-drops-13-below-115-as-bitcoin-and-ethereum-decline\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Solana (SOL) price is down 13% to near $110 and could plunge to key support. Bitcoin and Ethereum have also declined, with BTC near $81k and ETH around $1.7k. Tariffs concerns continue to dictate risk market performance. The cryptocurrency market faced [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":50115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50114"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50114"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50115"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}