Solana Drops to $130 Amid Weak Demand and Low Volume
The Most Important Points at a Glance
Solana (SOL) is facing a critical phase. The price has dropped to $130 – the lowest level in five months. A technical indicator signals a possible trend reversal, but trading volume has declined significantly. Can Solana recover, or is a further drop imminent?
Solana Under Pressure: Price Decline and Weak Demand
Solana has lost over 30% of its value in the past four weeks. The drop below the $200 mark increased selling pressure, pushing the price down to $130. This area is considered a key support zone, as buyers have historically stepped in at this level.
However, market conditions remain uncertain. Trading volume has plummeted by 61%, indicating low buying interest. Without a clear trend reversal, Solana could continue to decline.
Technical Indicators and Market Sentiment
A glimmer of hope comes from the TD Sequential indicator, which has issued a buy signal. This tool is used to identify potential trend reversal points.
Additionally, Bitcoin’s (BTC) sideways movement could lead investors to shift into altcoins, which might benefit Solana. However, overall market sentiment remains cautious.
Will the $130 Level Hold?
Despite the buy signal, demand remains weak. The expected “buy-the-dip” reaction has not materialized so far, and the SOL/BTC price has reached a two-year low. This suggests that investors are currently hesitant to buy Solana.
You should read that too:
-
Crash Games in Online Casinos: A Review of Games and ProvidersReading time: ~ 2 minutes
-
Animal Slots: The Best Animal-Themed Slot Games at a Glance
Reading time: ~ 2 minutes
-
Medium Volatility Slots
Reading time: ~ 2 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 2 minutes
-
High Volatility Slots
Reading time: ~ 2 minutes
Another warning sign comes from the open interest (OI) sector. While the OI value has slightly increased to $3.95 billion, past movements show that sudden selling pressure can quickly lead to significant price losses.
Our Assessment
Solana is at a crucial point. The $130 level could serve as support, but weak demand and low trading volume are concerning. If market sentiment does not improve, further declines are possible.
Investors should closely monitor developments. A sustained recovery is only likely if buying interest returns and overall market conditions stabilize.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 35x bonus |
| 60x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency