CandleFocus Solana (SOL) Price’s 13% Dip Pushes Traders to Their Bearish Extreme
2024-10-04
Author: Content Editor
The price of Solana (SOL) has struggled to maintain its upward momentum and has repeatedly failed to secure $161 as a support level. A recent failed breach of this level led to a 13% decline in SOL's price. Technical indicators, such as the Relative Strength Index (RSI), suggest bearish momentum, and traders are positioning themselves with short contracts to profit from further price declines. The funding rate has turned negative, indicating a predominantly bearish market sentiment. With ongoing bearish momentum and negative sentiment, SOL could drop to $124 and potentially even $120. However, if it manages to hold $140 as a support level, there is a chance for a recovery toward the $160 range and beyond.
Related News
The Scoop: Hedge funds have never been more convicted about crypto Payy Network Partners with Celestia for Next-Level Scalability and Speed $100 Million Crypto Whales Purchase Could Rescue Dogecoin (DOGE) from Rough October SUI charts 115% monthly gain as its ecosystem memecoins rally after USDC integration Bitcoin Price: Coinbase Premium Signals Potential Upside Ethereum ICO Whale Dumps Another 6K ETH, Is Price Correction Ahead? AI chatbots are getting worse over time — academic paper Digital Ruble to Get Anti-Money Laundering Upgrade in 2025 Is Selling XRP Early a Mistake? Top Expert Compares XRP Price to Nvidia Stock US Job Data Dampens Market Sentiment, Bitcoin To Witness Further Decline? FET At Risk Of Further Decline? RSI Signals Sustained Bearish Pressure From $100 Million to $500 Million: Growing Volume Aims to Push Aptos (APT) Price by 80% According to Analysis Company, Bitcoin May Have Seen a Local Bottom: Here’s What to Expect As BTC rallies after jobs report, what are the ‘Uptober’ odds? Hoskinson Explains Why Cardano Is Still "Number 1" Institutions could be Solana’s edge against Ethereum AI Tokens Lead Crypto Rebound Amid Strong U.S. Economy Bitcoin price recovery driven by growing US financial concerns XRP Macro Charts Signal Explosive Bullish Move Despite SEC Appeal: Analyst IcomTech founder David Carmona sentenced to nearly 10 years in prison for role in 'cryptocurrency Ponzi scheme' Bitcoin’s halving upending global solo-mining profitability X Empire Reveals Final Tokenomics: 25% for New Users and Growth Crypto-friendly gaming giant Tencent considering Ubisoft buyout: Report SEC Will Likely Win Against Ripple if This Happens Exploring the ‘Uptober’ drivers and current outlook Sygnum Bank Leads on zkSync Era with $50.5M TVL, Showing Strong Institutional Interest US jobs report signals fewer rate cuts, still bullish for BTC: Grayscale Bitcoin whale's transfers of BTC mined in 2009 to Kraken hits $3.6 million: Arkham BlackRock CIO Predicts 25 BPS Fed Rate Cut After US Job Data Bittensor (TAO) becomes top gainer among recovering AI narrative Is AMP Ready to Rally? Analysts Eye a 270% Recovery with Promising Indicators Ethereum Remains Above $2,300 But Stays Within Its Range Price analysis 10/4: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB September marks Polymarket's best ever month as US presidential election draws closer EigenLayer investigates suspicious wallet that sold $5.5 million worth of EIGEN tokens, potentially violating the lockup schedule Bitcoin decentralization is a matter of national security — Auradine CEO SEC Appeal Spooks XRP Investors: Will it Fall Below $0.50? U.S. Election Betting: Regulated Presidential Markets Are Live, and Tiny Compared to Polymarket's Shiba Inu Defies Bear Market With 3% Price Surge Fantom Price Surges After Sonic Labs Announces 200 Million Token Airdrop. Tether is ‘best friend’ of US, says CEO Paolo Ardoino LUNC News: Terra Luna Classic Completes Key Upgrade to Implement Tax2Gas Bitcoin Primed To Hit New All-Time High if BTC Breaks Above This Resistance Level, According to Crypto Analyst XRP Traders See SEC Appeal as the Final Shakeout Before Recovery Bitcoin 16% drop in trading volume ‘explainable,’ as price may fluctuate to $72K Leah Wald's Sol Strategies likely to reinvest FTX windfall in Solana ecosystem Ethereum (ETH) Price Stuck Between Strong Resistance and Support Zones BTC miners are ideal energy consumers, but regulators need to catch up — Hive ‘Monolithic’ blockchains outperformed in September — VanEck Web3 game asset ownership is worthless without interoperability BOB Announces Integration of One-Click Bitcoin Staking on Everstake Platform Whale sell-offs and token unlocks weigh on Bitcoin — 10x Research VanEck optimistic on Bitcoin's momentum in Q4 but wary of Ethereum's struggles VAUPA and Stimulus Drive Korean Altcoin Price Discounts Shytoshi Kusama Stuns SHIB Army With X Bio Ryoshi Pivot Stellar Price Prediction: Analyst Casts Hope On ‘Uptober’ Can XLM Reclaim $0.15? Why Chainlink (LINK) May Struggle to Deliver Gains This October Is UNI's $33B Dex Volume Hinting at Uniswap Price Rally to $10? Bitcoin (BTC) Back to $62,000 on Strong US Payroll Data HKVAX becomes third crypto exchange licensed in Hong Kong SkyBridge Capital Initiates Fund for ALGO Coin MicroStrategy's Saylor Issues One-Word Verdict for Bitcoin The Danger is Not Over for Ethereum! Analyst Warns of a Great Crash, Gives a Date for the Rise! The Positive End To 2024 For Bitcoin Bitcoin Exits Exchanges at Highest Rate Since 2022 How Low Solana Price Will Fall in October? Here’s Why VeChain’s Recent Rebound Could Signal a Bullish Turn Above $0.0224 Bitcoin Price Likely to Slip Below $60K After Worrying NFP Data 3 Chinese Altcoins to Pump “the Hardest” Amid $142B Stimulus Bitcoin and Ethereum ETFs Made Their Mark in the US! Ranked First in the Ranking! Truflation Partners with Sphinx to Enhance Commodities Trading $FAR Token Claims Top Spot Among Shooter Game Tokens TON Registers Stunning 100x Milestone in MAU: Details Immutable Passport Hits 3 Million Sign-Ups, Skyrocketing Web3 Gaming Trader Says Altcoin That’s Up Over 18,000% Year-to-Date ‘Looks Incredibly Strong,’ Updates Outlook on Bitcoin SHIB price rockets 10% as Shiba Inu adds $1 billion in a day Sui (SUI) in Danger of 50% Drop with Traders Eyeing Profits $153 Million Bitcoin Purchase Stuns Top Crypto Exchange Who is Len Sassaman, Polymarket’s top bet for Satoshi? Gas Price in Shiba Inu's Shibarium Spikes 2,777%: What's Happening? 'Not Me': Another Satoshi Nakamoto Associate Denies Being Bitcoin Creator Sudeng soars to record high as Sui meme coins gain traction Massive $66 Million Ethereum Dump in 24 Hours, What Happened? Ubisoft Reveals Plans for 'Captain Laserhawk' Ethereum Game NFT Mint Solana (SOL) Price Prediction for October 4 Short squeeze alert for two highly shorted cryptocurrencies Charlie Lee Highlights Litecoin’s Privacy Features Amid Bitcoin’s Transparency Challenges 2.6 Trillion Shiba Inu (SHIB) in 24 Hours: Whales Are Sinking Solana (SOL) Price’s 13% Dip Pushes Traders to Their Bearish Extreme 272 Million XRP in 24 Hours After SEC’s Appeal – What's Happening? SEC Crypto Policy Flawed, Paradigm VP Alexander Grieve Says Airdrops Don't Always Meet Expectations: Most Successful and Least Successful Altcoin Airdrops Revealed! Imprisoned Binance exec a ‘legendary’ crypto crime investigator Binance Coin (BNB) Price Prediction for October 4 Altcoin Sentiment Shifts: Analyzing SUI, EIGEN, TAO, FET, and PYTH Spot Crypto ETFs Prompted Bitwise to Rethink Its Fund Lineup This Week in Meme Coins: MOTHER Down 30%, DOGS and BRETT Also Sink Analyst Says “Short-Term Sellers Exhausted in Bitcoin”, Shares What to Expect Next Ripple Price Analysis: Is XRP Headed to a Crash Below $0.50? Shiba Inu (SHIB) in Rebound Mode to Resume 'Uptober' Rally Toncoin Consolidation Nears Key Support—Is Accumulation the Right Strategy at $4.5? Aptos, Cardano Among the $200M in Crypto Unlocks to Hit Market This Week Can Base Sustain Its Growth Amid Increasing Competition? Historical Data Signals 50% Ethereum (ETH) Price Correction From Here Crypto Price Analysis October-04: ETH, XRP, ADA, SHIB, and DOGE BREAKING: US Non-Farm Employment Data Announced! Here's Bitcoin's (BTC) First Reaction! SUI price tanks after hitting a six-month high amid market volatility Vietnamese Authorities Uncover $700K Crypto Scam Involving Biconomynft Fraud Coinbase to Delist Tether and Other Non-Compliant Stablecoins Ahead of MiCA Compliance in Europe IMX price hits key support as Immutable Passport signups surge Expert Says SEC Appeal is a Sell Trap, Predicts XRP to $4.23 Top Ethereum Protocols Based on TVL: A Comparative Analysis of DeFi Adoption VET’s Real-World Impact: How VeChain is Transforming Global Trade and Transparency with Blockchain Solutions Santiment: "Investors Have Been Talking About These Three Altcoins the Most in Recent Days! Follow Them Closely!" Shiba Inu Whales Bet on 70% Rise, but Short-Term Holders Pose Risk Crypto Traders Brace for ‘Selltober’ as Market Sentiment Sours CZ’s release was supposed to launch Uptober — instead, we lost $200B Bitcoin Price Holds Above $60,000 While Its Direction Is Uncertain Analyst Slams Ethereum’s Chart as ‘Most Disgusting’ as ETH/BTC Pair Records 30% Fall Ethereum inflation rises, threatens ‘ultrasound money’ status: Report AI predicts FTX Token price for October 31, 2024 Solana Co-Founder Anatoly Yakovenko Slams Biden Government Amid Regulatory Uncertainty DarkIRC Anonymous Chat Aims to Counter ‘Brutal Censorship of Crypto Devs’ XRP’s ETF hopes after SEC appeal depend on US election: Analysts Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo Bybit to Delist CEEK/USDT Perpetual Contract on October 10 Dogecoin Founder Reacts to Crypto Market Crash – Unexpected Take Today is a make-or-break day for the crypto market: here’s why AAVE Price May Reach $200 as Grayscale and Investors Step In Web3 wallets: The digital payment solution for the next billion users | Opinion 3 Reasons Why Aptos (APT) in Spotlight Today Cryptocurrency Prices Today Oct 4: BTC At $61K, SUI Crashes 8% Amid Altcoins Weakness Cardano DApps Might Get a Facelift With This Technology Will Shiba Inu Price Hit 2021 Highs in October? Hancom Chairman Faces Crypto Fraud Probe in South Korea Crypto phishing losses drop to $43m in September: Scam Sniffer Nvidia is the only thing standing between the global economy and recession BTC miner Hut 8 pivots to AI as BTC profits dry up Meta and Grok AI Predict How High Shiba Inu Will Surge in October Bitcoin: after the payroll data, volatility could increase Satoshi-Era Whale Suddenly Awakens With Bitcoin Creator's Identity Just Days From Revelation Old vs. New Memecoins: Is Utility the Key Difference? Crypto Gaming: Taxable Or Not? Monero eyes bullish rebound after 5% surge despite regulatory pressure Linea Integrates Ox to Enhance DeFi Capabilities for Users 13 of the top 25 new funds in 2024 are Bitcoin and Ether-focused 0G Transforms into First Decentralized AI Operating System Sui Network’s SUI Token Plummets 4.4% After its Recent Bull Run FBI warns of ICHCoin crypto scam costing Americans their life savings 3 Reasons Why NEAR Price Could Hit $10 By December Brazil tests DeFi elements, compatibility in Drex CBDC pilot Solana Price Prediction- Bull or Bear in October? Here’s the Deadline for Ripple to File a Counter Appeal as SEC Yet to File Form C Detailing Appeal Bitcoin Price Ticks Up Ahead of U.S. Jobs Report as Sell-Off ‘Nearing its End’ XRP Becomes Top Trending Token. Here's Why Shiba Inu to $0.0007 and $0.004: Here’s What 50M, 150M, and 250M SHIB Would Be Worth at $0.0007 and $0.004 XRP Price Stabilizes After Losses: Can Bulls Regain Momentum? HSBC issues digital bond; HKMA aligns OTC with European laws How Will Markets React to $1B Bitcoin Options Expiring Tomorrow FTX and 3AC would still be in business if Gensler took right approach, says Mark Cuban Solana (SOL) Clings to Key Support: Is a Bounce Imminent? Why Bitcoin Isn’t Rising Despite Entering October, the So-Called Bullish Month? Analyst Reveals “Date to Expect” Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls Shiba Inu Officially Posts About SHIB Hitting New All-Time High Ethereum Price Next Move Hinges on Clearing This Crucial Hurdle GoPlus and Hemera to Launch First AVSs on AltLayer’s “Wizard” Platform Nubank Lowers Cryptocurrency Trading Fees Bitcoin Price Poised for Recovery: Will the Uptrend Resume? Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources ‘One Last Shakeout’: Trader Says Bitcoin and Ethereum Could Crash Before Altseason Starts – Here Are His Targets $20,000 in XRP as Top Exchange Unveils Exciting New Opportunity Worldcoin (WLD) Drops 24%, But Low Prices Don’t Make It a Good Bet This Ethereum Price Buying Opportunity Could Propel ETH to $3,500 Ethereum performance could hang on US election due to DeFi's regulatory hurdles Cardano’s “Ghost Chain” Debate Reignites as ADA Falls Can Aptos Price Hit $20 Amid Soaring Network Activity? Dogecoin Price Risks 12% Drop Amid Dwindling On-Chain Metrics Spooky.box Launches Affordable Halloween Subdomains for Users TOP 10 Projects With Highest TVL On BASE: AERO, SUNI & More Hackers have started using AI to churn out malware No, a CryptoPunks NFT Didn’t Just Sell for $56 Million Hyperliquid climbs to the top in daily trading volume among decentralized perpetual swaps Buying this Bitcoin dip is a ‘no-brainer’ — Hedge fund manager Ethereum At Risk Of Further Decline: Top Investor Sets $2,150 Target If Support Breaks Crypto startup accuses SEC of ‘massive regulatory land grab’ Bitcoin Set for Unusually Volatile Weekend After Friday's Payrolls Data, Volatility Kink Indicates Man turns $88K into $415M with Tesla, then sues after losing it all Shiba Inu Bulls Ready to Act After SHIB Misses $0.000020 Target Marlin and Hemera Protocol Join Forces to Revolutionize Decentralized AI Infrastructure Russia-Based Evil Corp Faces New US Sanctions Crypto startups secure $691 million in venture capital during September Zetrix brings digital ID verification to Chinese nationals abroad US spot bitcoin ETFs see third straight day of outflows with $54 million exiting US and SEC back crypto sales suit against Nvidia in Supreme Court Polkadot in the Charts: What do On-Chain Data and Technical Analysis Indicate for DOT’s Price? Beyond the SEC: Analyst’s Insights on XRP’s Path to Recovery SEC’s Ripple Appeal Doesn’t Target XRP Secondary Sales, Clarifies Attorney ‘Uptober’ mentions on social media plummet amid crypto rout Uniswap Leads the Top Decentralized Exchanges by Weekly Trading Volume Pro-XRP Lawyer Reveals Ripple's Masterstroke in Cross Appeal TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M How many Shiba Inu coins are there? XRP Drops 11% After SEC Appeal; Can It Rebound to $0.66? Deadline Extended! Argentinians Seize Last Chance for Cryptocurrency Amnesty! 5 BRC-20 Tokens Reshaping the Bitcoin Ecosystem in 2024 Emerging trend could see Solana ‘seriously challenge’ Ethereum: Sygnum Aerodrome Hits Record High $3.026 Billion Volume in Epoch 57 How These 5 DEX Aggregators Are Optimizing DeFi Trades and Boosting Liquidity in 2024 Ethereum (ETH) $32 Billion Catastrophe Continues, Bitcoin (BTC) in Limbo for 200 Days, XRP Showed Weirdest Performance in Last 7 Days Coinbase CLO Exposes SEC Double Standards on Crypto Rules October 2024’s Must-Attend Blockchain Conferences—And Why They Matter for the Industry Shiba Inu Set for Continued Growth, Says Shibtoshi: Burn Mechanism and Shibarium Fuel Bullish Sentiment CTO Crypto Market: Why These 3 Coins Are Gaining Ground Fast Ripple Defies US Blockade, Despite US Blockade, Ripple Expands in Brazil as XRP Investors Eye RCO Finance 2024’s SocialFi Surge: Why These 6 Projects Are Gaining Ground Fast ApeCoin price prediction 2024-2030: APE breaks key support With Liquidity Far Below, Is Bitcoin Headed for a Breakdown?