Solana News: SOL Experiences Temporary Price Drop Amid Market Correction, But Signs Point to Potential Rebound

In recent weeks, Solana (SOL) has seen a significant price drop, falling below $140. However, there are indicators that suggest a potential rebound is on the horizon.

3 Reasons Why the Solana (SOL) Price Crashed by 20% Weekly

Solana (SOL) fell below $140 amid a broad crypto correction, whale sell-offs, and other setbacks. Despite the drop, the asset’s oversold RSI (15.9) and market Optimism signal a possible rebound and buying opportunity. SOL was at the forefront of gains at the start of the year, with its price soaring to a new all-time high of over $285 on January 19. Since then, though, the asset has been experiencing a downfall, tumbling by 19.5% in the last week, currently trading at roughly $137. Its market capitalization has collapsed to approximately $67 billion, making SOL the sixth-biggest cryptocurrency.

Binance Faces Allegations of Market Manipulation

Binance has been accused of market manipulation, specifically in relation to its SOL balance movements which synchronized with Wintermute`s SOL balance. This synchronization suggests that a market maker was used to dump prices for SOL and potentially other altcoins. The crypto community has spiked discussions about these allegations, linking Binance and Wintermute. Their synchronized Solana [SOL] balances indicate that one million SOL may have been moved to crash prices from $300 to $150. The same was true for most altcoins, leading to significant losses.

Serum Price Prediction 2025-2031

Our Serum price prediction anticipates a high of $0.029 by the end of 2025. In 2027, it will range between $0.039 and $0.058, with an average price of $0.040. In 2030, it will range between $0.120 and $0.142, with an average price of $0.124. The Serum DEX became defunct after its backers, Alameda Research and the FTX exchange, collapsed in November 2022. The native token SRM remains on the Solana blockchain and is listed on Kraken, Gate.io, MEXC, and HTX exchanges.

Solana Crashes to 5-Month Low – Will SOL Drop Below $100 Next?

Solana has tumbled to a five-month low of $134, experiencing a 15% decline as the cryptocurrency market loses 10% in 24 hours. SOL has not escaped today`s market selloff, which is attributed to ETF outflows and tariffs suppressing investor confidence. The altcoin is down by 20% in a week and by 47% in a month, but it has retained a 30% increase in a year. Despite the recent drop, the long-term price prediction for SOL remains largely positive due to favorable political and regulatory developments in the US.

Best Crypto to Buy Today – Next Big Opportunity?

In the ever-evolving world of crypto, identifying the best early-stage investment opportunities can be challenging. However, some of the most lucrative prospects are found in the bustling presale market. Historically, choosing the right presale projects has led to massive returns. With the crypto market primed for a potential breakout year, Solaxy ($SOLX) stands out as a strong growth potential project. Solaxy is introducing itself as the premier Layer 2 scaling solution for the Solana ecosystem, taking cues from the plethora of Layer 2 protocols on Ethereum.