The cryptocurrency market experiences a broad sell-off, with Solana falling below $100 and Bitcoin nearing the $70,000 mark. Declining demand and bearish technical indicators fuel the downtrend, while some altcoins show mild gains amidst the overall decline.
Solana Price Forecast: SOL drops below $100 as bears tighten grip Solana trades below $100 at press time on Wednesday, after taking a more than 6% hit the previous day as the broader cryptocurrency market slipped.
Institutional and retail demand for Solana continues to decline, while on-chain data shows a record 150 million daily transactions on Tuesday. Technically, SOL's outlook calls for a drop to $85 as bearish momentum intensifies. Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP extend free fall amid broad market sell-offBitcoin price closed below the 61.8% Fibonacci retracement level at $78,490 on Sunday. It corrected nearly 4%, hitting a low of $72,945 on Tuesday . As of writing on Wednesday, BTC trades at $75,700. If BTC resumes its downward trend and closes below the daily support at $73,072 on a daily basis, it could extend the decline toward the key psychological level of $70,000.Top Crypto Gainers: WLFI, ATOM, and JUP post mild gains amid market sell-offWorld Liberty Financial trades above $0.1300 at press time on Wednesday, holding the 3% gains from the previous day. The trend stays vulnerable as WLFI holds beneath the 50-day EMA at $0.1552, with the 200-day EMA at $0.1589 anchoring the broader downtrend. A sustained recovery in WLFI could be met with resistance from these moving averages.
Solana Bitcoin Price Prediction Market Sell-Off Cryptocurrency
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