{"id":34753,"date":"2025-07-02T09:46:47","date_gmt":"2025-07-02T09:46:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34753"},"modified":"2025-07-02T09:46:47","modified_gmt":"2025-07-02T09:46:47","slug":"solana-etf-rally-fades-as-charts-signal-potential-20-drop","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34753","title":{"rendered":"Solana ETF Rally Fades as Charts Signal Potential 20% Drop"},"content":{"rendered":"<div>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">SOL shot up 5% on Solana ETF news and then gave it all back. Hype in crypto is a fickle mistress like a Florida man on bath salts: unpredictable, charming, somewhat lovable.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">Meanwhile, SOL is drifting near <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">critical supply<\/a> and demand zones; its next move hangs in the balance as traders weigh flash momentum against deeper support.<\/p>\n<p dir=\"ltr\">\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-SOL\" data-coin-symbol=\"SOL\" data-price-usd=\"SOL Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/solana-sol-logo-2.svg\" alt=\"SOL logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Solana<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">SOL<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$79.75B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-6864fde8f04ca\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<h2 class=\"font-semibold pdf-heading-class-replace text-h4 leading-[30px] pt-[15px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\" dir=\"ltr\">Solana ETF Driven Surge Meets Immediate Resistance<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">The ETF announcement initially brought renewed interest in Solana, driving a brief 5% price jump. Yet, its rally faced immediate rejection at the $160 mark, a level coinciding with a known H4 (4-hour) supply zone.<\/p>\n<p dir=\"ltr\">At this point you have to<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">feel bad for SOL holders<\/a>. It makes you wonder if last cycle\u2019s altcoins are perennial slow movers:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The ones that pumped 10x already won\u2019t do it again.<\/p>\n<p>Altseason rewards those who spot new narratives, not those who chase old ones.<\/p>\n<p>\u2014 VirtualBacon (@VirtualBacon0x) <a href=\"https:\/\/twitter.com\/VirtualBacon0x\/status\/1940139461654061103?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 1, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">This zone that SOL is stuck in is effectively absorbing buying pressure, leading to SOL\u2019s reversal back into the $144.5\u2013$147.7 range.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">According to recent 99Bitcoin\u2019s analysis, Solana\u2019s behavior was predictable, as it reacted to the supply zone by pulling in longs before reversing course.<\/p>\n<h2 class=\"font-semibold pdf-heading-class-replace text-h4 leading-[30px] pt-[15px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\" dir=\"ltr\">Key Support and Resistance Levels After Solana ETF News<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">SOL is clinging to a crucial patch between $144.5 and $147.7. If SOL falls through this support its next safety net is much lower, around $124 or even down near the psychological graveyard of $100.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">A $100 SOL<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">before GTA 6 releases<\/a> is not something we had on our 2025 bingo card.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">Bulls are eyeing $160. Break and close above that, and things could flip bullish quickly.<\/p>\n<figure id=\"attachment_255106\" aria-describedby=\"caption-attachment-255106\" style=\"width: 2433px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-255106\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27.png\" alt=\"\" width=\"2433\" height=\"785\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27.png 2433w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27-300x97.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27-1024x330.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27-768x248.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27-1536x496.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27-2048x661.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/SOLUSD_2025-07-01_21-13-27-50x16.png 50w\" sizes=\"(max-width: 2433px) 100vw, 2433px\"><figcaption id=\"caption-attachment-255106\" class=\"wp-caption-text\">(<strong><a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/A4aJB7ow\/?symbol=COINBASE%3ASOLUSD\" target=\"_blank\" rel=\"noopener nofollow\">SOLUSD<\/a><\/strong>)<\/figcaption><\/figure>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">While Bitcoin chops near all-time highs, SOL and other altcoins are lagging, dragged by risk-off sentiment and a broader market that is desperate for Fed rate cuts and quantitative easing.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">Price action is still locked in a descending channel from May\u2019s failed $180 breakout. Every bounce looks temporary for SOL and momentum is thin.<\/p>\n<h2 class=\"font-semibold pdf-heading-class-replace text-h4 leading-[30px] pt-[15px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\" dir=\"ltr\">What\u2019s Next for SOL?<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">Data from <a class=\"general-link\" href=\"https:\/\/glassnode.com\/\" target=\"_blank\" rel=\"nofollow noopener nofollow\">Glassnode<\/a> reveals that the real danger for SOL is below the support line. If $144 fails to hold, there\u2019s not much to cushion the drop.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\" dir=\"ltr\">The thin order book between $100 and $124 could turn a dip into a nosedive. Bulls need to hold the line<\/p>\n<p dir=\"ltr\">As it stands, Bitcoin, the forever market mover, will likely decide if SOL bounces or bleeds. Holding this range could spark a recovery but losing it could drag price back into the abyss.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/tether-ceo-paolo-ardoino-hopes-for-net-positive-from-us-elections-says-bitcoin-strategic-reserve-is-a-great-idea-99bitcoins-exclusive\/\" target=\"_blank\" rel=\"noopener\">Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        SOL shot up 5% on Solana ETF news and then gave it all back.    <\/li>\n<\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        While Bitcoin chops near all-time highs, SOL and other altcoins are lagging, dragged by risk-off sentiment and a broader market that is desperate for Fed rate cuts and quantitative easing.    <\/li>\n<\/p>\n<\/ul>\n<\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/solana-etf-rally-fades-as-charts-signal-potential-20-drop\/\">Solana ETF Rally Fades as Charts Signal Potential 20% Drop<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SOL shot up 5% on Solana ETF news and then gave it all back. Hype in crypto is a fickle mistress like a Florida man on bath salts: unpredictable, charming, somewhat lovable. Meanwhile, SOL is drifting near critical supply and demand zones; its next move hangs in the balance as traders weigh flash momentum against [&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-34753","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\/34753","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=34753"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34753\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}