Solana News: Analyst Forecasts Price Correction to $90, Amidst Slow Momentum and Market Letdown

In the volatile world of cryptocurrencies, Solana (SOL) has recently come under the spotlight due to a forecasted price crash. An analyst predicts a correction to $90, which could mark a significant decline for the cryptocurrency. Here’s a closer look at the developments surrounding Solana’s price movement.

Solana Price Crash To $90 Forecasted

The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency’s recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana. CoinMarketCap’s data shows that the Solana price has given up most of its yearly gains following its massive 50% price crash earlier last month. Despite this bearish performance, TradingView crypto analyst MadWhale highlights that the pain isn’t over yet, projecting an even deeper price decline for the popular altcoin.

Best Presales to Buy Today – Which Tokens Are Positioned for a Big Move?

The best presale tokens offer rare opportunities for significant gains, potentially 10x, 50x, or even 100x once they debut on major exchanges. During the presale phase, tokens are sold at a fixed, low price, protecting them from market volatility and giving early investors a chance to secure positions before potential price surges. Leading presales often attract millions in funding before launch, creating liquidity, generating buzz, and building strong price momentum. One of the most notable presale projects today is Solaxy ($SOLX), which is bringing the first Layer 2 scaling solution to Solana, aiming to eliminate network congestion.

Solana ETF Filing Hits SEC – Could SOL Rally?

Solana has edged up 0.3% in the past 24 hours, trading at $125.94, as the market works to recover from recent losses. On Wednesday, the Chicago Board Options BZX Exchange submitted an application on behalf of Franklin Templeton to list a Solana-linked exchange-traded fund (ETF). This filing triggers the SEC’s review process, where regulators will either propose modifications or move toward approval. Analysts and bettors believe that most of these vehicles will eventually get approval from the regulators despite recent delays in decisions for ETFs linked to altcoins like Dogecoin (DOGE), XRP (XRP), and Litecoin (LTC).

SOL Accumulation: Whale Sends $25.08 Million Solana to Staking

A whale made a significant acquisition of Solana coins by withdrawing 201,755 SOL ($25.08M) from Binance and sending them to staking. The whale created a new wallet for this transaction, conducting it at an average price of $124.30 per SOL. This action suggests a potential market rally as the whale took advantage of lower Solana prices to stake the tokens and earn future rewards.