{"id":85096,"date":"2025-07-30T17:57:16","date_gmt":"2025-07-30T17:57:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=85096"},"modified":"2025-07-30T17:57:16","modified_gmt":"2025-07-30T17:57:16","slug":"solana-sol-plunges-by-10-weekly-but-this-market-signal-says-buy-the-dip","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=85096","title":{"rendered":"Solana (SOL) Plunges by 10% Weekly, But This Market Signal Says \u2018Buy the Dip\u2019"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Analysts point to certain indicators that suggest SOL could be poised for a rally in the near future. Some of the biggest optimists believe the price could soar to a new all-time high of $400.
\nSOL\u2019s RSI hovers just above 30, signaling oversold conditions. Combined with increased token withdrawals from crypto exchanges, this could reduce sell pressure and hint at a possible short-term recovery.<\/p>\n

<\/a><\/p>\n

Buying Opportunity?<\/h2>\n

Solana\u2019s SOL has declined by over 10% in the past week, currently valued at around $177 (according to CoinGecko\u2019s data). However, the X user, Ali Martinez, estimated that the TD Sequential indicator has flashed a buy signal.<\/span><\/p>\n

Buy the Solana $SOL<\/a> dip, says the Tom DeMark Sequential indicator! pic.twitter.com\/cyE5MR45DY<\/a><\/p>\n

\u2014 Ali (@ali_charts) July 30, 2025<\/a><\/p>\n\n

The analyst isn\u2019t the only one with a bullish stance following the price drop. One X user <\/span>claimed<\/span><\/a> SOL \u201cis setting the pace,\u201d predicting a pump to as high as $400.\u00a0<\/span><\/p>\n

\u201cIgnore the noise. <\/span>This<\/span> isn\u2019t hype, it\u2019s a shift in momentum. Smart money isn\u2019t chasing later \u2013 it\u2019s positioning now. Solana season is real,\u201d they added.\u00a0<\/span><\/p>\n

BitBull <\/span>thinks<\/span><\/a> SOL\u2019s current price performance resembles that of 2023, which <\/span>was followed<\/span> by a <\/span>major<\/span> breakout. The analyst argued that the activity in the Solana network is still <\/span>strong<\/span>, while institutional inflows \u201care coming.\u201d<\/span><\/p>\n

\u201cAll it needs now is a weekly close above $230, and <\/span>SOL<\/span> parabolic run will start,\u201d the X user suggested.<\/span><\/p>\n

AlejandroBTC stands in the opposite corner, <\/span>claiming<\/span><\/a> there\u2019s no real momentum, while exit liquidity is \u201cgetting thinner by the day.\u201d <\/span>The analyst forecasted that SOL\u2019s price could continue to <\/span>plunge<\/span>, warning investors that the <\/span>altcoins are<\/span> not in a bull market.<\/span>\u00a0<\/span><\/p>\n

Observing Other Metrics<\/span><\/h2>\n

Over the past several months, the shift of SOL tokens from crypto exchanges toward self-custody methods has been more than evident. This results in reduced immediate selling pressure.<\/span><\/p>\n

<\/a>SOL Exchange Netflow, Source: CoinGlass<\/p>\n

Solana\u2019s Relative Strength Index is the next technical analysis tool we will touch upon. It tracks the speed and magnitude of recent price changes\u00a0and helps traders identify overbought or oversold conditions. The metric varies from 0 to 100, and ratios around or below 30 suggest SOL could be headed for a rebound, while anything above 70 is considered bearish territory. Currently, the RSI stands at just over 30.\u00a0<\/span><\/p>\n

<\/a>SOL RSI, Source: CryptoWaves<\/p>\n

The post Solana (SOL) Plunges by 10% Weekly, But This Market Signal Says \u2018Buy the Dip\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analysts point to certain indicators that suggest SOL could be poised for a rally in the near future. Some of the biggest optimists believe the price could soar to a new all-time high of $400. SOL\u2019s RSI hovers just above 30, signaling oversold conditions. Combined with increased token withdrawals from crypto exchanges, this could […]<\/p>\n","protected":false},"author":0,"featured_media":85097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85096"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85096"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85097"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}