Solana Plunges 40% After FTX Transfer But Bulls Eye $180 Rebound

Solana, a prominent blockchain platform, has been experiencing significant volatility in recent times. Despite these fluctuations, the underlying strength of Solana and the increasing institutional interest suggest that it is poised for a substantial recovery in the near future. The price of Solana (SOL) has been on a rollercoaster ride, with large-scale sell-offs and heightened volatility. The latest downturn was triggered by the transfer of 3.03 million Solana, worth over 432 million dollars, by FTX, leading to a sharp decline on the daily charts. Further uncertainty emerged as investors rushed to take profits after Solana’s rally to $180, fueled by a strategic crypto reserve announcement.

Despite these setbacks, technical indicators point to a possible rebound for Solana. The platform has broken out of its descending channel, with the Money Flow Index climbing from oversold levels. A golden cross has formed, and the Parabolic SAR has flashed a buy signal, suggesting a bullish trend could take hold. If momentum builds, analysts believe Solana could retest $180 in the near term. Institutional interest remains a key driver for Solana’s long-term prospects, with the introduction of Solana futures by a major financial group highlighting increasing mainstream adoption. Ongoing speculation about a potential spot Solana ETF continues to fuel optimism, although macroeconomic factors, including trade tariffs and broader market uncertainty, have kept investors cautious in the short term.

As retail participation increases and meme coin enthusiasm revives, Solana may experience renewed buying pressure. While breaking below the $125 support level could signal a further drop to $80, some analysts argue that Solana’s historical resilience and inclusion in the US crypto reserve could drive a strong recovery. If momentum picks up, Solana could push above $145-160 by the end of this month. For investors seeking higher potential returns with a newer gem, Rollblock is redefining blockchain gaming with its innovative play-to-earn model. The platform’s expanding user base and deflationary tokenomics make it a promising project poised for rapid growth in the evolving crypto gaming space.

Many investors believe Rollblock will eclipse Solana in this bull run because of its rapidly expanding presence in the iGaming industry. By merging blockchain technology with a play-to-earn model, Rollblock is revolutionizing online gaming while ensuring security and transparency through a Solid