Solana Price Likely to Crash 20% as Ethereum Stabilizes Above Key Support

Quick Summary:

Key market indicators suggest SOL could witness further downsizing as Ethereum’s makes a gradual resurgence after Vitalik Buterin announced the team’s intent to stop selling ETH.

Solana price has retraced 14% from the recent peak of $295, to hit $255 on Saturday.

The Swing Failure Pattern (SFP) due to excessive selling further confirms the bearish sentiment, as buyers failed to sustain upward momentum, leading to a breakdown.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: Ethereum price Solana Price Price Analysis Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-26 @ 01:07:10 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 25439064

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Main Topics: Crypto

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