{"id":14910,"date":"2025-02-25T14:46:56","date_gmt":"2025-02-25T14:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14910"},"modified":"2025-02-25T14:46:56","modified_gmt":"2025-02-25T14:46:56","slug":"3-reasons-why-the-solana-sol-price-crashed-by-20-weekly","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14910","title":{"rendered":"3 Reasons Why the Solana (SOL) Price Crashed by 20% Weekly"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"174\">\n<p data-start=\"2\" data-end=\"174\">Solana (SOL) fell below $140 amid a broad crypto correction, whale sell-offs, and other setbacks.<\/p>\n<\/li>\n<li data-start=\"176\" data-end=\"314\" data-is-last-node=\"\">\n<p data-start=\"178\" data-end=\"314\" data-is-last-node=\"\">Despite the drop, the asset\u2019s oversold RSI (15.9) and market optimism signal a possible rebound and buying opportunity.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-384862\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>The Potential Factors<\/h2>\n<p><span data-preserver-spaces=\"true\">Solana (SOL) <\/span><span data-preserver-spaces=\"true\">was at the forefront of<\/span><span data-preserver-spaces=\"true\"> gains at the start of the year, with its price soaring to <\/span><span data-preserver-spaces=\"true\">a new<\/span><span data-preserver-spaces=\"true\"> all-time high of over $285 on January 19.<\/span> <span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> happened one day before Donald Trump\u2019s inauguration as America\u2019s 47th President, which supposedly <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-skyrockets-to-new-all-time-high-hours-ahead-of-trumps-inauguration\/\" data-wpel-link=\"internal\">triggered<\/a> <\/span><span data-preserver-spaces=\"true\">huge<\/span><span data-preserver-spaces=\"true\"> excitement across the entire crypto space.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since then, though, the asset has been experiencing a downfall. The price has tumbled by 19.5% in the last week, <\/span><span data-preserver-spaces=\"true\">currently<\/span><span data-preserver-spaces=\"true\"> trading at roughly $137. Its market capitalization has collapsed to approximately $67 billion, making SOL the sixth-biggest cryptocurrency.\u00a0<\/span><\/p>\n<figure id=\"attachment_384861\" aria-describedby=\"caption-attachment-384861\" style=\"width: 580px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-384861\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL.png\" alt=\"SOL Price\" width=\"580\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL.png 1047w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL-300x207.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL-1024x706.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL-768x530.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SOL-50x34.png 50w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\"><\/a><figcaption id=\"caption-attachment-384861\" class=\"wp-caption-text\">SOL Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Perhaps the<\/span><span data-preserver-spaces=\"true\"> most evident reason contributing to the pullback is the severe correction of the crypto sector.<\/span> <span data-preserver-spaces=\"true\">As<\/span> <em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em> <a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/btc-plunges-to-3-month-low-beneath-88k-altcoins-dump-by-double-digits-market-watch\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">the past 24 hours have not been kind to Bitcoin (BTC), whose price slipped below $87,000.<\/span><span data-preserver-spaces=\"true\"> The altcoins suffered even more substantial losses, while the total value of liquidated positions for that timeframe <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/liquidations-shoot-above-1-billion-as-bitcoin-btc-breaks-down-to-90k\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">equaled<\/span><\/a><span data-preserver-spaces=\"true\"> more than $1.5 billion.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another factor that may have negatively affected SOL\u2019s performance could be the potential selling pressure triggered by Wintermute. Several X users <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/rovercrc\/status\/1894058869657055447\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> that the proprietary trading firm has withdrawn large amounts of Solana from Binance lately.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The effort comes a few days before a massive token unlock, which <\/span><span data-preserver-spaces=\"true\">is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Bullrun_Gravano\/status\/1894072339920245223\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">set<\/span><\/a><span data-preserver-spaces=\"true\"> to release over 11.2 million SOL into circulation <\/span><span data-preserver-spaces=\"true\">on March 1<\/span><span data-preserver-spaces=\"true\">. The increased supply could result in a further price slump, assuming demand doesn\u2019t keep pace.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last but not least, we will focus on the whales\u2019 activity. According to X user Ali Martinez, 135 large investors (holding more than 10,000 SOL) have <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1894180257919635577\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">sold<\/span><\/a><span data-preserver-spaces=\"true\"> or redistributed their holdings in the last month.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As mentioned above, a sudden influx of tokens for sale can overwhelm available demand. Additionally, the whales\u2019 actions could <\/span><span data-preserver-spaces=\"true\">be perceived<\/span><span data-preserver-spaces=\"true\"> as bad news from smaller players who may <\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> decide to cash out.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Bright Side<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the significant correction, many market observers remain optimistic that SOL has the potential to return to the green track soon. <\/span><span data-preserver-spaces=\"true\">The X user Lucky<\/span> <a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/LLuciano_BTC\/status\/1894054549343613341\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">told<\/span><\/a><span data-preserver-spaces=\"true\"> his over two million followers on X that \u201cthere\u2019s no need to panic.\u201d<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">They believe the asset could rise \u201cmuch higher\u201d <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\">, viewing the current price condition as \u201ca fantastic deal.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, SOL\u2019s Relative Strength Index (RSI) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/SOL\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">plummeted<\/span><\/a><span data-preserver-spaces=\"true\"> to a multi-year low of 15.9, which suggests that the token might be oversold and due for a rebound. Conversely, readings above 70 indicate that SOL has entered into overbought territory and could <\/span><span data-preserver-spaces=\"true\">be headed<\/span><span data-preserver-spaces=\"true\"> for correction.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/3-reasons-why-the-solana-sol-price-crashed-by-20-weekly\/\" rel=\"nofollow\">3 Reasons Why the Solana (SOL) Price Crashed by 20% Weekly<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Solana (SOL) fell below $140 amid a broad crypto correction, whale sell-offs, and other setbacks. Despite the drop, the asset\u2019s oversold RSI (15.9) and market optimism signal a possible rebound and buying opportunity. The Potential Factors Solana (SOL) was at the forefront of gains at the start of the year, with its price soaring [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14910","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14910"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14910\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}