The arguably quickest Layer-1 chain Solana (SOL) has succumbed to a 20% deficit on Black Monday 2025, as Donald Trumpโs global baseline tariffs on trades catches up to the stock & crypto markets. Solana price took a drastic downswing to trade below $100 for the first time in two years, dribbling 20% of market value in 24 hours.
Solana Price Dumps 20% Despite 300% Volume Hike
This comes amid a 300% upswing in trading volume, but thatโs not necessarily a bullish sign. Holding $100 as key support on this crypto Black Monday 2025, Solana (SOL) witnessed a $8.35 billion trading volume on Spot markets, as largest investors, known as crypto whales, have started to prepare for the 20% Solana price dip.
The largest transaction was spotted by the Bitcoin & altcoin whale tracking agency Whale Alert, issuing a notification on a 1,320,382 SOL token flip between two wallets late last night. Worth $140 million at the time, the on-chain move preceded a mouth-opening downturn for Solana price.
Crypto Analysts Paint Dim Picture For Solana Price
Multiple seasoned technical crypto analysts have voiced their opinion on where Solana price is going next, with mostly bearish observations in the short term. To illustrate, analyst Crypto Jobs tweeted to his 40K followers about the possibility of Solanaโs price testing higher resistances, but a close below the $95 territory would render this theory invalid.
Meanwhile, crypto veteran Ali Martinez wasnโt hopeful of a rebound rally. On the contrary, the technical crypto analyst argues that Solana price is breaking out downwards, marking $60 price levels as the next major demand territory. If the merciless bears persist to beat Solanaโs price, consolidation around $60 would take the altcoin back to late 2023 levels.
At present time, Solana (SOL) is trading at $101.65, bouncing back from the intra-day lows of $96.7, according to CoinGecko. As market tension grows, main on-chain signals for Solana (SOL) are also in negative direction, while the leading crypto asset Bitcoin (BTC) retests $75K for the first time since November 2024.
While the Bull Bear Power (BBP) meter points to -14.35, this confirms short-selling domination. Additionally, the Chaikin Money Flow (CMF) was dwelling at -0.16 on the 4-hour Solana price charts, meaning that large investors are still reducing their positions, likely expecting a further dip by the end of the day, now popularly referred to as Black Monday 2025.
On The Flipside
- Historically, Solana price tumbled all the way from $242 to just $8 from late 2021 to late 2022, crumbling after FTX exchangeโs liquidity crunch and Terra Luna de-peg.
Why This Matters
Market participants are closely watching the crypto & stock marketโs reaction to Donald Trumpโs tariffs on global trades. Technical analysis enables crypto aficionados to make more rational investment choices.
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