{"id":377244,"date":"2025-03-01T21:50:49","date_gmt":"2025-03-01T16:20:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/solana-price-bounces-10-3-reasons-why-you-shouldnt-buy-sol-yet-crypto-news\/"},"modified":"2025-03-01T21:55:41","modified_gmt":"2025-03-01T16:25:41","slug":"solana-price-bounces-10-3-reasons-why-you-shouldnt-buy-sol-yet-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-price-bounces-10-3-reasons-why-you-shouldnt-buy-sol-yet-crypto-news\/","title":{"rendered":"Solana Price Bounces 10% &#8211; 3 Reasons Why You Shouldn&#8217;t Buy SOL Yet &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">The crypto market has rebounded as weekend volatility pushed the prices up. Solana (SOL) price bounced with a strong 10% gain before resuming the downtrend. While it was still holding the critical $130 support level, SOL price is still at risk of further downside. In this article, we analyze three reasons why you should not buy SOL just yet.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\"><strong>Solana Price Recovers But Here\u2019s Why You Should Not Buy SOL Yet<\/strong>\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The sell-off that affected cryptocurrency prices for most of this week has died down, and Solana and <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-prices-today-march-1-btc-jumps-8-eth-xrp-sol-recover\/\"><span style=\"font-weight: 400;\">most altcoins have posted a slight recovery<\/span><\/a><span style=\"font-weight: 400;\">. However, at press time, SOL was already wiping off these gains with a 3% drop in 24 hours to trade at $140.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As bears regain their control over the market, here are the three reasons why you should not buy SOL.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>Solana Price Enters Distribution Phase<\/strong>\u00a0\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Solana price seems prime for another downtrend as the Power of Three (PO3) setup shows that it is in a distribution phase. During this phase, large traders rapidly sell Solana, forcing the price down.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solana completed the accumulation phase in 2024 when these large players were increasing their positions. It recently completed the manipulation phase, and distribution is now in play.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As large traders start to exit the market, SOL price will likely drop to collect liquidity at $112. If the downtrend extends and Solana breaches the \u201cmake and break\u201d support level of $77, it could drop to $30.\u00a0<\/span><\/p>\n<figure id=\"attachment_241832\" aria-describedby=\"caption-attachment-241832\" style=\"width: 1288px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-241832\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/po3.jpg\" alt=\"Solana Price Bounces 10% - 3 Reasons Why You Shouldn't Buy SOL Yet\" width=\"1288\" height=\"787\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/po3.jpg 1288w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/po3-300x183.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/po3-1224x748.jpg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/po3-768x469.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/po3-150x92.jpg 150w\" sizes=\"auto, (max-width: 1288px) 100vw, 1288px\"\/><\/noscript><figcaption id=\"caption-attachment-241832\" class=\"wp-caption-text\">SOL\/USDT: 1-day Chart<\/figcaption><\/figure>\n<h3><strong>Solana Death Cross Looms\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">A death cross is also looming on Solana\u2019s daily chart. The 50-day Simple Moving Average (SMA) is tipping south and nearing a bearish crossover with the 200-day SMA.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the 50-day SMA crosses below the longer-term SMA, it could trigger a sharp bearish move for Solana price, making a drop to $112 likely to happen in the near term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Besides the death cross, SOL continues to trade below its 200-day SMA of $200. As long as SOL continues oscillating below this level, it strengthens the bearish <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/solana-sol-price-prediction\/\"><span style=\"font-weight: 400;\">Solana price forecast<\/span><\/a><span style=\"font-weight: 400;\">, making it one of the top reasons to sell.\u00a0<\/span><\/p>\n<h3><strong>Whales Dump SOL as $1.8B FTX Unlock Looms\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Solana whales have been dumping SOL, adding to the bearish pressure affecting the price. As Coingape reported, large addresses have <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/trending\/solana-whales-move-516m-tokens-to-exchange-will-sol-price-crash\/\"><span style=\"font-weight: 400;\">unstaked nearly $1 billion worth of SOL<\/span><\/a><span style=\"font-weight: 400;\"> and deposited $516M SOL to Coinbase Prime.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These whale moves come amid anxiety about what the upcoming <\/span><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/sunil_trades\/status\/1895766905098473774\"><span style=\"font-weight: 400;\">unlock of 11.6M SOL<\/span><\/a><span style=\"font-weight: 400;\"> from the FTX bankruptcy auction would mean for price. The asset managers that bought these tokens from the FTX bankruptcy estate will unlock 11.6M SOL on March 1, which may ruin its chances of recovery.\u00a0<\/span><\/p>\n<h2><strong>Bottom Line\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Solana price is in a distribution phase where large players selling SOL could trigger a crash below the \u201cmake or break\u201d support level of $77. A looming death cross on the daily chart, whales selling, and a possible selloff of 11.6M SOL tokens make this not the right time to buy Solana despite the recent drop.\u00a0<\/span><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tSolana still faces bearish pressure after entering distribution phase. A looming death cross and whales dumping millions of dollars worth of SOL makes it more likely for the price to drop. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tSolana has entered a distribution phase where large traders are actively selling SOL. This may trigger further drops. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tWhales are likely selling Solana due to anxiety around the looming unlock of 11.6M SOL tokens. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/solana-price-bounces-10-3-reasons-why-you-shouldnt-buy-sol-yet\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/solana-price-bounces-10-3-reasons-why-you-shouldnt-buy-sol-yet\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" 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=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\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\/6efc8974f41600ded0ff3e8b454dc03b?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\/6efc8974f41600ded0ff3e8b454dc03b?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6efc8974f41600ded0ff3e8b454dc03b?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6efc8974f41600ded0ff3e8b454dc03b?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>muthoni  <\/p>\n<\/p><\/div>\n<p>Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: 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<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market has rebounded as weekend volatility pushed the prices up. Solana (SOL) price bounced with a strong 10% gain before resuming the downtrend. While it was still holding the critical $130 support level, SOL price is still at risk of further downside. In this article, we analyze three reasons why you should not [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":377246,"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-377244","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\/377244","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=377244"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/377244\/revisions"}],"predecessor-version":[{"id":377247,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/377244\/revisions\/377247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/377246"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=377244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=377244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=377244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}