{"id":380215,"date":"2025-03-08T15:24:00","date_gmt":"2025-03-08T09:54:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/solana-xrp-prices-may-trigger-weekend-rallies-as-nasdaq-crashes-below-200d-average-crypto-news\/"},"modified":"2025-03-08T15:27:07","modified_gmt":"2025-03-08T09:57:07","slug":"solana-xrp-prices-may-trigger-weekend-rallies-as-nasdaq-crashes-below-200d-average-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-xrp-prices-may-trigger-weekend-rallies-as-nasdaq-crashes-below-200d-average-crypto-news\/","title":{"rendered":"Solana, XRP Prices May Trigger Weekend Rallies as Nasdaq Crashes Below 200D Average – Crypto News"},"content":{"rendered":"

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The cryptocurrencies price has faced a downturn over the past week, with most crypto markets struggling to hold key support levels. The decline comes amid a broader financial market sell-off influenced by economic concerns. Solana and XRP prices, among other major coins, have seen notable price fluctuations that may may Trigger weekend rallies as Nasdaq crashes below 200D average.<\/span><\/p>\n

Despite the recent Trump crypto summit held on 7th March, which aimed to boost sentiment, the market remains under pressure.\u00a0<\/span><\/p>\n

The recent decline in the <\/span>crypto market<\/span><\/a> is closely linked to stock market trends, particularly concerns over U.S. tariffs. With equities experiencing volatility, cryptocurrencies have followed suit due to their strong correlation. However, with the stock market closed over the weekend, digital assets may find an opportunity to recover.<\/span><\/p>\n

Cryptocurrencies Price Prediction: Weekend Rallies Loom as Nasdaq Falls Below 200D<\/strong><\/h2>\n

The Nasdaq 100 has dropped below its 200-day moving average for the first time since March 2023, ending a 497-day streak. This marks the second-longest run in history.<\/span><\/p>\n

The last time a similar streak ended in January 2022, the index fell 5.7% within two weeks and 22.0% over the next year. Historical data shows that if the index declines more than 3.5% in two weeks, a bear market follows. However, if the drop remains under 3.5%, the Nasdaq typically recovers.<\/span><\/p>\n

These next two weeks could be critical in determining market trends. The cryptocurrency sector may react to Nasdaq\u2019s movement, potentially influencing weekend rallies. Traders are closely watching the correlation between tech stocks and digital assets. With past patterns suggesting a key period ahead, investors are preparing for volatility in cryptocurrencies price.<\/span><\/p>\n

Source: Tweet<\/a><\/p>\n

Is Solana Price Losing Key Support?<\/strong><\/h2>\n

As of Saturday, March 8, the SOL price is trading at $138, reflecting a 0.24% decline. The price continues to consolidate within a tight range between $130 and $150 after facing strong resistance near $160. <\/span>The <\/span>Solana price prediction<\/span><\/a> struggles to break past key resistance at $150, which remains a crucial level.\u00a0<\/span><\/p>\n

On the downside, SOL has maintained support at $130, preventing further declines. If selling pressure intensifies, the next support level sits at $120, potentially leading to further weakness. <\/span>The Relative Strength Index (RSI) is currently at 41.74, indicating that the SOL is in a neutral trend.<\/span><\/p>\n

\"Cryptocurrencies