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news-imageFebruary 24, 2025

Solana Plunges to Lowest Price Since October as Meme Momentum Cools

Solana, the sixth-largest cryptocurrency, has fallen even as multiple asset managers have applied for ETFs based on its spot price.
Publisher: Decrypt
Sentiment: Negative
SOL

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Negative
cover-imageNewsBTC
February 24, 2025

Solana Faces Make-Or-Break Moment As $1.77 Billion Unlock Looms

In a technical chart shared today, crypto analyst Koroush Khaneghah, Founder of Zero Complexity Trading, underscores Solana's ongoing downtrend, highlighting pivotal support and resistance levels on the SOL/USDT Perpetual (Binance) daily timeframe. According to the chart, Solana has lost several key zones and is currently hovering near the $157 area—what Khaneghah labels as the “last major support level.

Neutral
cover-imageBenzinga
February 24, 2025

Hedera Down 35% In A Month, But Jumps Ahead of Dogecoin, XRP, Solana In ETF Race

Hedera (CRYPTO: HBAR) has seen a 35% decline this past month, but the approval process for a spot HBAR ETF has triggered renewed interest among traders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Hedera (CRYPTO: HBAR) $0.2139 $8.96 billion +1.8% +1.3% XRP (CRYPTO: XRP) $2.44 $141.4 billion -4.3% -7.4% Cardano (CRYPTO: ADA) $0.7253 $25.5 billion -5.2% -8.6% Trader Notes: Crypto trader Javon Marks sees HBAR's first breakout target at $0.504, a 128% increase from current levels.

Negative
cover-imageCoinPedia
February 24, 2025

Why is Solana (SOL) Price Falling Today?

Amid market uncertainty, Solana (SOL), the world's fifth-largest cryptocurrency by market cap, appears bearish and is poised to continue its decline in the coming days. With this notable drop, SOL has experienced a significant 37% loss in the past 30 days.

Negative
cover-imageCointribune
February 24, 2025

Solana's Memecoin Mania Cools Off

After months of excitement, the frenzy surrounding the launch of tokens on Solana is slowing down significantly. Pump.fun, the leading platform for launching memecoins, is experiencing a marked decline in its activity and revenue.

Negative
cover-imageCoinPedia
February 24, 2025

Why Solana Is Going Down Today?

Amid the ongoing market uncertainty, the SOL price has failed to hold its value above its important support level. This has resulted in it experiencing a major price crash this month.

Negative
cover-imageInvezz
February 24, 2025

Solana price prediction as the SOL meme coin bubble bursts

Solana price remains in a deep meltdown as concerns about its ecosystem continued. It crashed to a low of $160 on Monday, continuing a trend that started earlier this year when it peaked near $280. It has dropped in the last six straight weeks and is now hovering at its lowest level since December.

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