{"id":233968,"date":"2024-01-22T23:20:51","date_gmt":"2024-01-22T17:50:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-sol-outperform-eth-amid-crypto-market-doldrums-crypto-news\/"},"modified":"2024-01-22T23:20:54","modified_gmt":"2024-01-22T17:50:54","slug":"can-sol-outperform-eth-amid-crypto-market-doldrums-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-sol-outperform-eth-amid-crypto-market-doldrums-crypto-news\/","title":{"rendered":"Can SOL Outperform ETH Amid Crypto Market Doldrums? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-175980\">\n<p>\nSolana price prediction points to a drop as SOL &#038; Ethereum face pullbacks, with indicators hinting at a bearish trend\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"630\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Solana-Price-Prediction-e1705944804112.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Solana Price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 10 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Solana Price prediction: SOL, a prominent player in the cryptocurrency market, recently witnessed a slight pullback in its value. As of the latest updates, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\"><span style=\"font-weight: 400;\">Solana price<\/span><\/a><span style=\"font-weight: 400;\"> holds $86.43, marking a 7% drop within a day. This shift in market dynamics is a clear signal of increasing selling activity. Current chart analysis hints that this minor setback could lead to a further decline in Solana\u2019s value.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure id=\"attachment_175987\" aria-describedby=\"caption-attachment-175987\" style=\"width: 1224px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-175987\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Solana Price Prediction\" width=\"1224\" height=\"643\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Solana-Price-Prediction-1224x643.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-175987\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Solana-Price-Prediction-1224x643.png\" alt=\"Solana Price Prediction\" width=\"1224\" height=\"643\"\/><\/noscript><figcaption id=\"caption-attachment-175987\" class=\"wp-caption-text\">Solana Price Prediction<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">With a market capitalization of approximately $39 billion, Solana remains the fifth-largest cryptocurrency, according to <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/solana\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">. The trading volume over the last 24 hours, which saw an 88% increase to $1.8 billion, indicates that more investors are engaging in trading activities. Over the past week, Solana\u2019s price has fluctuated between $102 and $87, indicative of a lateral trading pattern within narrowing trendlines.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the past year, Solana has notably outperformed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum<\/a>, showcasing a remarkable surge of over 240%, starkly contrasting with ETH\u2019s more modest 44% gain. Despite the current market downtrend, this significant growth differential highlights Solana\u2019s stronger investment appeal and resilience compared to Ethereum in the same period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, Ethereum, another major cryptocurrency, is also experiencing a downturn. Its value has fallen by over 5% in the past 24 hours. Solana and Ethereum have slipped below critical support levels, with SOL dropping under $100 and ETH breaking below the $2,400 mark. This trend suggests a bearish outlook in the cryptocurrency domain.<\/span><\/p>\n<h2><strong>Solana Price Prediction: A Glimpse into the Bearish Horizon<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">The crypto analyst Bluntz, known for his trading insights on Twitter, recently analyzed Solana\u2019s market movements. He interprets the recent sideways trend as a possible B-wave triangle, signaling a consolidation phase. Bluntz expressed interest in Solana, particularly if it dips into the low $70s, suggesting a significant market shift.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a> also looking like all these weeks of sideways was probably some kind of B wave triangle.<\/p>\n<p>ill be interested again in the low $70s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0n3rI6rUaO\">pic.twitter.com\/0n3rI6rUaO<\/a><\/p>\n<p>\u2014 Bluntz (@Bluntz_Capital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/1749296757375369628?ref_src=twsrc%5Etfw\">January 22, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Since peaking at $126 on December 26, 2023, SOL\u2019s price has steadily declined. Both daily and weekly analyses show bearish signals, aligning with the current downward movement. Notably, Solana\u2019s price recently broke from a rising support trend line held for nearly 100 days. The ETH price has been trading in a sideways trend, with both bearish and bullish signals emerging.<\/span><\/p>\n<h2><strong>Technical Indicators and Future Outlook for Solana<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If this downward trajectory persists, projections indicate that <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/solana-price-prediction-bull-trap-sol-risk-of-20-drop\/\"><span style=\"font-weight: 400;\">Solana price prediction<\/span><\/a><span style=\"font-weight: 400;\"> could plummet by an additional 20%, potentially reaching a support zone within the $70-$72 range. However, a rebound to the triangle\u2019s support trend line could halt this bearish trend, potentially leading to a 30% surge in Solana\u2019s value, pushing it toward the $115 resistance level.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure id=\"attachment_175985\" aria-describedby=\"caption-attachment-175985\" style=\"width: 1149px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-175985\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Solana price prediction\" width=\"1149\" height=\"652\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58.png 1149w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58-300x170.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58-768x436.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58-150x85.png 150w\" data-lazy-sizes=\"(max-width: 1149px) 100vw, 1149px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-175985\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58.png\" alt=\"Solana price prediction\" width=\"1149\" height=\"652\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58.png 1149w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58-300x170.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58-768x436.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/SOLUSD_2024-01-22_20-27-58-150x85.png 150w\" sizes=\"auto, (max-width: 1149px) 100vw, 1149px\"\/><\/noscript><figcaption id=\"caption-attachment-175985\" class=\"wp-caption-text\">Solana price chart: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/ee5iQyAA\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The daily examination of Solana\u2019s technical indicators suggests a potential downtrend in the near future. The Relative Strength Index (RSI) is currently at a neutral position of 41 but shows signs of moving towards oversold territory, aligning with a bearish momentum. Additionally, the Average Directional Index (ADX), standing at 16, further indicates a bearish trend. Compounding this scenario, the trends observed in the 20 Exponential Moving Average (EMA) and the 50-EMA are negative.\u00a0<\/span><\/p>\n<\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/solana-price-prediction-can-sol-outperform-eth-amid-crypto-market-doldrums\/&#038;text=Solana Price Prediction: Can SOL Outperform ETH Amid Crypto Market Doldrums?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/solana-price-prediction-can-sol-outperform-eth-amid-crypto-market-doldrums\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/solana-price-prediction-can-sol-outperform-eth-amid-crypto-market-doldrums\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/solana-price-prediction-can-sol-outperform-eth-amid-crypto-market-doldrums\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA175980\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD175980\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana price prediction points to a drop as SOL &#038; Ethereum face pullbacks, with indicators hinting at a bearish trend Published 10 mins ago Solana Price prediction: SOL, a prominent player in the cryptocurrency market, recently witnessed a slight pullback in its value. As of the latest updates, Solana price holds $86.43, marking a 7% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":233969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-233968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=233968"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233968\/revisions"}],"predecessor-version":[{"id":233970,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233968\/revisions\/233970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/233969"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=233968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=233968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=233968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}