Main notes
- A prominent analyst predicts a possible decrease to $ 65 for a Sol symbol based on a declining style.
- The real estate financing platform bought Janover at a value of $ 10.5 million from Sol, and now has $ 21.2 million in Sol.
- NFT Marketplace Opensea has also announced the trading of Sol symbols on the statute of the chosen users.
Solana has witnessed a noticeable decline in the price, reflecting the morale of the broader cryptocurrency market as Bitcoin also faced the pressure pressure. Over the past 24 hours, Sol threw nearly 5 % of its value, and is currently trading about $ 125.41 after touching the lowest daily level of $ 123.72.
The price of the encrypted currency puts a decisive position, as the SIA moving average for 20 days (EMA) tests at $ 123.90 as a support level. Maintaining price stability above this EMA has become very important for the immediate Solana path.
In addition to concerns, a prominent encryption analyst for Martinez issued a bold prediction, indicating that Solana may decrease to $ 65 in the near future.
The analyst predicts $ 65
Martinez referred to a “right -wing expansion pattern” on the Solana price scheme. This style is diligent, and the collapse below the lower direction line (in this case, about $ 127 to $ 130) is a strong signal for more landfill.
The typical goal of such a pattern is estimated by measuring the vertical distance in the widest part of the style and dropping it down from the collapse point.
For everything we know, #Solana $ Sol The hack area of the right -wing escalating pattern may be re -tested, as the goal continues $ 65 to play. pic.twitter.com/vujfjqwurz
Ali (ali_charts) April 16, 2025
In the Martinez scheme, the largest part of the counted appears to be in a range between 165 and 260 dollars, a difference of approximately $ 95. The dropping of this decline of $ 95 of the last collapse is closely less than $ 130 with Martinez’s goal of $ 65.
Hobom for investors Sol
The Janover real estate financing platform has increased significantly from Solana Holdings, as it bought an additional $ 10.5 million. This acquisition is 163,651.7 Sol, at a value of about $ 21.2 million.
Janover CEO has expressed his strong belief in the collective adoption of Defi and announced plans for the recently acquired Solana participation.
Meanwhile, Opensea at Ethereum Nft Marketplace started to provide Solana icon trading to identify Beta users.
It is now directly on Trading Solana Token on OS2 for some closed Beta users and will be put forward to more in the coming weeks.
This is a great teacher on our multiple journey. Solana has some of the most passionate users and builders in Web3.
Metal currencies first, NFTS is coming later. most… pic.twitter.com/bj1tka98le
Opensea (Opensea) April 14, 2025
Although currently limited, the platform plans to expand access and ultimate support for Solana Nfts. This integration can bring increased liquidity and exposure to the assets based on Solana.
Sol price analysis
Data from Glassnode reveals a large group of Solana supplies, over 32 million Sol (more than 5 %), which are kept at a cost of about $ 129.79. This indicates a strong investor benefit and accumulates it at this price level, which can serve as great support during the decrease in future prices.
Less than $ 129, we see 18 meters $ Sol (3 %) at $ 117.99, while above, 27m $ Sol (4.76 %) Sitting at $ 144.54. In the short term, it can be $ 144 as resistance and $ 117 as a lower price of the price range with $ 129 as a main pivotal area: https://t.co/fkmrvadff
Glassnode April 15, 2025
Under this level, another 18 million people retain $ 117.99. Glassnode suggests that $ 144 can serve as resistance, while $ 117 may serve as the minimum current price range, although $ 129 is a decisive axial area.
Sol Daile Chart | Source: TradingView
Meanwhile, the above chart shows that the RSI is hovering near the level of 50 neutral. This indicates the frequency in the market, with no buyers or sellers clearly dominant.
Energy balance index, which swings around the zero line, enhances more deficiency in the direction of the strong direction in the direct term.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post Solana Could Tank to $65, but There’s Still Hope first appeared on Investorempires.com.
