Solana Price Crashes 28% After Death Cross; Recovery Depends on Bitcoin

https://beincrypto.com/solana-price-crashes-recovery-is-with-bitcoin/

created by goldyluckinblokchain on 10/03/2025 at 12:36 UTC

60 upvotes, 7 top-level comments (showing 7)

Comments

Comment by partymsl at 10/03/2025 at 13:09 UTC

29 upvotes, 3 direct replies

I hold SOL, but I very much think it deserved this.

Last year it became solely a network of shitcoins and that is never sustainable.

Comment by Regret-Select at 10/03/2025 at 12:46 UTC

24 upvotes, 1 direct replies

Price set aside, I don't think anyone sees anything more but low quality memes from Solana

I'd say the same even if it was worth $5000

Comment by coinfeeds-bot at 10/03/2025 at 12:50 UTC

6 upvotes, 0 direct replies

tldr; Solana's price has dropped 28%, hitting a multi-month low due to a Death Cross and weak market sentiment. The altcoin's recovery depends heavily on Bitcoin's performance, as Solana has a 0.92 correlation with BTC. If Bitcoin remains weak, Solana risks further declines, especially if it fails to hold the $128 support level. A rebound above $137 could enable a rally toward $155. Long-term holder confidence in Solana is at a 16-month low, signaling increased market distress and potential selling pressure. Market sentiment and Bitcoin's stability are critical for Solana's recovery.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Comment by Global-Meringue1198 at 10/03/2025 at 14:53 UTC

4 upvotes, 1 direct replies

all these comments are making me incredibly bullish lol

Comment by Spyrothedragon9972 at 10/03/2025 at 14:11 UTC

4 upvotes, 1 direct replies

The Solana space is honestly so dogshit. I'm not sure what they envisioned but its current reality is pitiful.