Solana’s Death Cross: 10% Volume Surge? More Like a Crypto Tragedy!

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Solana (SOL) just took a dive so steep, it’s like the stock market’s version of a cliff diving competition! 🏝️🔥 Despite a 10% volume surge-probably from people trying to sell their SOL before it hits rock bottom-Solana’s price is still in the red zone. 🚩📉

Death cross signals further downside risk for Solana

CoinMarketCap data shows that Solana’s trading volume climbed by 10.6% to $3.19 billion in the last 24 hours. Despite this, the price has remained in the red zone. SOL is underperforming the broader crypto market as Bitcoin dominance rose to nearly 60%-because nothing says “I’m the king” like a 60% slice of the pie. 🍕👑

Solana’s troubles have been compounded by the appearance of a death cross, which is like the crypto world’s version of a zombie apocalypse. 🧟‍♂️💸 The hourly chart indicates a price range of between $124.11 and $125.42, which could trigger a massive sell-off from holders. Because who needs stability when you can have chaos? 😂

It appears the uptick in volume is more of a sell-off than an accumulation as investors are looking to minimize losses. Because nothing says “I’m a genius” like selling your crypto at a loss. 🤷‍♂️💸

As of this writing, Solana is changing hands at $122.60, which reflects a 4.07% price decline in the last 24 hours. The coin plunged from an intraday peak of $128.39 as sell pressure increased in the Solana space. Because why hold when you can panic? 🚨

Most of the offload likely came from traders who automated their stop loss price to $125. As soon as SOL slipped below this crucial level, a sell wave rippled across the market. Because nothing says “I trust the algorithm” like letting it do your thinking for you. 🤖💸

Further slips toward the $120 level might increase the pressure that the coin is currently facing on the market. Because Solana’s price is now a rollercoaster-no seatbelts, just screams. 🎢😱

With capital rotating to Bitcoin due to a spike in dominance, if the altcoin season is over, then Solana’s rebound journey might be difficult. Because Bitcoin’s the cool kid on the block, and Solana’s just trying to fit in. 🤭

The current price decline commenced around mid-October as Solana suffered a correction and breached several moving averages. SOL lost the $200 support and has constantly struggled to reclaim its October levels. Because Solana’s like a broken elevator-never going up, always going down. 🚪📉

Can Cardano-Solana bridge turn things around?

U.Today reported that Solana has crashed by 39% so far to register Q4 as the worst for the asset in 2025. Notably, in the last 30 days, Solana has not rebounded to the $150 level and has beaten the poor performance set in Q1 of 2025. Because 2025 is already a disaster, and Solana’s just adding to the drama. 🎭🔥

Meanwhile, the founders of Cardano and Solana, Charles Hoskinson and Anatoly Yakovenko, are potentially working to establish a cross-chain bridge between both networks. The goal is to make Cardano’s ADA usable on the Solana network for trading and DeFi. Because nothing says “teamwork” like two rival blockchains finally holding hands. 🤝 blockchain

This might catalyze things for both chains and could impact SOL positively as more users rely on the blockchains’ faster applications. Solana is already on the verge of flipping Ethereum in yearly revenue despite its weak performance. Because even a broken clock is right twice a day-Solana’s just hoping for a lucky strike. ⏳💥

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2025-12-23 21:15