{"id":53175,"date":"2025-05-27T12:25:32","date_gmt":"2025-05-27T12:25:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-could-dip-as-technical-signals-turn-bearish\/"},"modified":"2025-05-27T12:25:32","modified_gmt":"2025-05-27T12:25:32","slug":"solana-could-dip-as-technical-signals-turn-bearish","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-could-dip-as-technical-signals-turn-bearish\/","title":{"rendered":"Solana could dip as technical signals turn bearish"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/solana-price-risks-drop-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/solana-price-risks-drop-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/solana-price-risks-drop-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/solana-price-risks-drop-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Solana price traded around $175 as buyers looked for further gains.<\/li>\n<li>Glassnode says SOL could drop to support mid short-side pressure.<\/li>\n<li>Bitcoin also struggling to break above $110k adds to this Solana price outlook.<\/li>\n<\/ul>\n<p>Solana (SOL) bounced higher, rising off $170 to retest $175 on Tuesday.<\/p>\n<p>However, SOL is flat in the past 24 hours and just 4.5% up in the past week. Price could dip again if bulls fail to hold onto gains.<\/p>\n<p>According to Glassnode, a leading on-chain metrics and analytics platform, this may be the case for Solana price.<\/p>\n<p>While not significantly elevated, analysts at the platform are pointing to the sixth-ranked altcoin\u2019s negative funding rate.<\/p>\n<p>Solana is the only top 10 asset with this metric, and analysts see it as a potential signal of increased downside pressure.<\/p>\n<blockquote>\n<p>\u201cSOL is the only top 10 asset (excl. stablecoins) with a negative funding rate. At -0.0002%, it\u2019s small \u2013 but may signal early short-side pressure building,\u201d Glassnode <a href=\"https:\/\/x.com\/glassnode\/status\/1927289371914281108\">posted on X<\/a>.<\/p>\n<\/blockquote>\n<p>As Glassnode highlighted SOL\u2019s price, QCP Capital has shared its market outlook suggesting cautious positioning by traders.<\/p>\n<p>This comes as Bitcoin (BTC) continues to trade range-bound in the $107k- $110k region. For the top crypto asset, spot exchange-traded funds flows have helped bulls hold onto gains.<\/p>\n<blockquote>\n<p>\u201cBut front-end implied volatility remains elevated, pointing to deeper concerns under the surface,\u201d QCP <a href=\"https:\/\/x.com\/QCPgroup\/status\/1927296240699465743\" target=\"_blank\" rel=\"noopener\">noted<\/a>.<\/p>\n<\/blockquote>\n<p>According to QCP, crypto traders are likely getting aggressively positioned as Bitcoin 2025, a top BTC Conference, begins in Las Vegas.<\/p>\n<p>President Donald Trump graced the Bitcoin 2024 conference.<\/p>\n<p>This time, the conference has outlined a speaker list that includes US vice president JD Vance, Strategy founder Michael Saylor, and Trump\u2019s sons Donald Trump Jr. and Eric Trump.<\/p>\n<p>Bitcoin price dropped sharply after Bitcoin 2024 and analysts say the risk is a factor.<\/p>\n<p>However, a potential announcement of a $3 billion target Trump Media is eyeing for crypto investments may boost sentiment.<\/p>\n<h2>Solana price outlook \u2013 what\u2019s next?<\/h2>\n<p>While Solana price has bounced off support near the $170 mark, SOL trades below its recent peak.<\/p>\n<p>The climb from lows of $140 in late April saw bulls break to highs of $184 in mid-May and a retest of the resistance level on May 23.<\/p>\n<p>But prices for top 10 altcoin have bounced off these levels to key support areas amid continued accumulation.<\/p>\n<p>Now Glassnode says SOL may see a fresh bout of downside pressure.<\/p>\n<p>A look at Solana charts shows the daily time frame noting room for a new leg up for bulls.<\/p>\n<p>The RSI suggests Solana price recently moved from overbought conditions, with the metric at around 57.<\/p>\n<p>Nonetheless, the cryptocurrency is seeing a notable dip in trading volume.<\/p>\n<p>Historical details indicate this, with SOL\u2019s daily volume dropped from $5.2 billion on May 23, 2025 to about $2.9 billion on May 27.<\/p>\n<figure id=\"attachment_311436\" aria-describedby=\"caption-attachment-311436\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-311436\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/sol-usd-chart.png\" alt=\"\" width=\"1057\" height=\"546\"\/><figcaption id=\"caption-attachment-311436\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener\">Solana price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Crypto analysts suggest a possible downward action as bulls show signs of exhaustion.<\/p>\n<p>However, if prices stay above $170 amid an ascending triangle pattern, upward sentiment will strengthen.<\/p>\n<p>The same outlook will emerge if profit taking only sees buyers bounce off support at $160.<\/p>\n<p>A squeeze in this case would bring Solana\u2019s psychological price target of $200 into play.<\/p>\n<p>On the other hand, sellers intensifying pressure at $160 could ignite more selling and see a spiral in downward action<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sol-price-faces-downside-risk-analyst-flags-key-metric\/\">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 price traded around $175 as buyers looked for further gains. Glassnode says SOL could drop to support mid short-side pressure. Bitcoin also struggling to break above $110k adds to this Solana price outlook. Solana (SOL) bounced higher, rising off $170 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":53176,"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\/53175"}],"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=53175"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53176"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}