Solana Fell Behind USDC: Can SOL Survive the Selloff?

Main notes

• Solana’s Selloff paid it behind the USDC market worth $ 60 billion.
• Whales get rid of Soul as FUD dominates the market.
• Analysts expect a bounce of the price before Sol drown more.

Solana

Teller
107.3 dollars



24 hours fluctuation:
0.9 %


The maximum market:
$ 55.30



Folder. 24h:
$ 6.65 b

Once the fifth largest digital asset before BNB

BNB
$ 556.7



24 hours fluctuation:
0.1 %


The maximum market:
$ 81.21 b



Folder. 24h:
$ 1.06 b

And USDC, Sixth place surrendered to the second largest stablecoin, where an intense sale pressure was wiped over 60 % of its value in three months.

The downward pressure comes as both whales and retailers began selling Sol after US President Donald Trump The mutual definitions were announced In most global countries, including major economies.

According to data from Lookonchain, two whale titles sold more than 26 million dollars of symbols on April 8 and 9. The large sales volumes have proven to have a sudden impact on the price of the original, especially when the market wanders in fear, uncertainty and doubt (FUD).

Whales are dumping $ Sol!

4w1ree not inverted 159,028 $ Sol(16.5 million dollars) and selling 60,000 $ Sol(6.13 million dollars) at 102 dollars 4 hours ago.

Sell ​​5cpair 89734 $ Sol(9.67 million dollars) at 108 dollars 14 hours ago.https://t.co/i2svnng50nhttps://t.co/hjwttbpl pic.twitter.com/xlhxslxhft

– Lookonchain (@swearonchain) April 9, 2025

This brought Solana to the seventh place among the leading cryptocurrencies with the maximum market of about $ 55 billion.

Seoul was moving between $ 100 and $ 111 during the past day. The distinctive symbol is currently trading at $ 107.

Solana opinion 19.6 million dollars in the rank, 12.6 million dollars, and 7 million dollars shorts, due to the sale of the whale and the total landfill in the market.

Can Solana recover?

Solana has already lost 64 % of its highest level ever at $ 294 in mid -January. The assets ranked fifth with the maximum market of $ 140 billion at its peak.

TED Bidows, a Crypto analyst, believes that Solana is witnessing a style of prices similar to the Q3 2023 when Sol started operating the bull from the lowest local level of about $ 20.

$ Sol Just bounced from the multi -year support line.

The last time Solana was re -tested, this was in the third quarter of 2023, and Seoul withdrawn 1000 % after that.

Will something similar happen again? pic.twitter.com/52dbeuvrvx

– TED (ettedpillows) April 8, 2025

Another analyst on X, known as Cryptobullet, participated, a scheme indicating that the price of Solana may see the head and shoulder style. The analyst expects Seoul to reach $ 200 before seeing a huge correction less than a $ 50 region.

$ Sol 1D graph

Good, $ Sol Fracture on August 5

now #Solana Officially cooked. Even Solana Moonboys cannot deny this

What next? I still expect a good reversal in the middle of the period to approximately $ 200 (the highest level) and then the C wave (30-40 dollars) https://t.co/R9BGQZNLNW pic.twitter.com/2eg8ojkevt

– Cryptobullet (@Cryptobullet1) April 8, 2025

The encryption market is currently unpredictable due to the total uncertainty and micro resulting from the global tariff war.

Many factors such as bitcoin

BTC
77 dollars 335



24 hours fluctuation:
2.3 %


The maximum market:
$ 1.53 t



Folder. 24h:
$ 58.15 b

The maximum rate of the market indicates the maximum achieved The bull is already over The bear market is expected to be for about six months.

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