Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Solana Price Prediction: Rising Wedge Breakdown Points to Pain – Can SOL Avoid a 40% Drop? 

by
May 30, 2025
in Crypto News
0
Solana Price Prediction: Rising Wedge Breakdown Points to Pain – Can SOL Avoid a 40% Drop? 
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Solana now risks a 40% drop against Ethereum, with the breakdown of a multi-month rising wedge pattern dampening near-term Solana price forecasts.

This shift comes despite Solana’s 13% gain in May, with Ethereum surging 45% over the same period, surpassing it as the best crypto to buy.

On the back of the U.S. Court of International Trade’s flip-flop on Trump’s tariff suspension, investment markets remain locked in a state of cautious optimism as FUD persists.

Cooling Speculative Interest Has Hit Solana Hard

The SOL/ETH pair faces a breakdown of a 7-month rising wedge pattern, breaching below its lower support during Thursday trading.

SOL / ETH 1-week chart, rising wedge pattern. Source: TradingView, Binance.

A weekly close below the 50SMA—previously a safety net for false breakdowns—would confirm a bearish continuation, targeting a 40% fall toward 0.036 ETH.

The breakdown in SOL/ETH aligns with a visible decline in meme coin-driven activity on Solana. Revenue from its largest meme coin launcher, Pump.fun, has plummeted since early April.

Fees on the platform peaked during the Q1 post-inauguration rally but have since dropped to near-yearly lows, according to Dune Analytics, reflecting fading speculative demand.

Pump.fun daily revenue from fees. Source: Dune Analytics.

Pump.fun played a major role in Solana’s surge to all-time highs between December 2024 and March 2025, with Trump’s pro-crypto stance sparking widespread risk-on behavior.

During this period, total cumulative fees surged past 3 million SOL. With tariff-driven economic FUD, these levels have not been recovered, weakening one of Solana’s primary value drivers.

A May 27 Standard Chartered report reinforces this narrative, arguing that Solana may underperform if it cannot diversify beyond meme coins, which currently dominate its transaction activity.

Solana’s decentralized exchange volume. Source: Standard Chartered

Solana Price Analysis: Is the 40% Drop Inevitable?

The Solana price chart also faces a critical juncture with the potential invalidation of a rounded bottom pattern, currently retesting its baseline resistance at $160.

SOL / USDT 3-day chart, rounded bottom pattern. Source: TradingView, Binance.

As long as $160 holds, the uptrend from the mid-April market bottom remains intact, with the potential to extend another 80% toward the pattern’s $300 target.

However, a breakdown below this level could deepen Solana’s decline, sending it back to the 200SMA and widening the gap with Ethereum—further validating the bearish SOL/ETH setup.

A credible scenario, with the MACD converging towards a death cross and the RSI plummeting towards the neutral line. These momentum indicators suggest sellers dominate the near term.

That said, long-term Solana still remains within the descending channel forming the handle of a 4-year cup-and-handle pattern.

A short-term crash would continue its consolidation, but it is unlikely to invalidate the potential 175% breakout to $460 implied by the broader cup-and-handle formation if a breakout occurs.

New ICO Has a Claim to an $85 Billion Industry

Presale investing has become a popular strategy, offering a hedge against recent economic uncertainty-driven downturns and a shot at above-average returns.

One project catching early attention is SUBBD ($SUBBD), an AI-powered content platform redefining a $85B industry by giving fans true access and creators better monetization tools.

Never miss a sale again.

As a top creator, your audience is global. It’s just not possible to cater to everyone – you can’t be online 24/7

That’s where your personal AI Assistant comes in, to handle requests and secure payments. Sleep peacefully knowing you’re making money… pic.twitter.com/ju9VjLBmea

— SUBBD (@SUBBDofficial) March 26, 2025

Traditional creator-subscriber platforms often take hefty cuts—up to 20%—while giving users little agency over their communities.

SUBBD flips the script, cutting out the middleman and putting the power directly in creators’ hands—to great support with over $560,000 raised in its ongoing presale.

These perks extend to fans in an access-driven ecosystem. Token-gated content, discounts, and early access allow supporters to engage with their favorites in a meaningful way.

You can keep up with SUBBD on X, Telegram, and Instagram, or join the presale on the SUBBD website.

The post Solana Price Prediction: Rising Wedge Breakdown Points to Pain – Can SOL Avoid a 40% Drop?  appeared first on Cryptonews.

Previous Post

NFT Lending Volume Crashes 97% as Sector ‘Matures’, says DappRadar

Next Post

Reform U.K. Unveils Pro-Bitcoin Policies — But Can the Party Win?

Next Post
Reform U.K. Unveils Pro-Bitcoin Policies — But Can the Party Win?

Reform U.K. Unveils Pro-Bitcoin Policies — But Can the Party Win?

  • Trending
  • Comments
  • Latest
Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

May 9, 2025
Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

May 10, 2025
Murchison South Increases to 67koz Gold Across Two Pits

Murchison South Increases to 67koz Gold Across Two Pits

May 13, 2025
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

May 8, 2025
Deadly drone wars are already here and the US is horribly unprepared

Deadly drone wars are already here and the US is horribly unprepared

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Deadly drone wars are already here and the US is horribly unprepared

Deadly drone wars are already here and the US is horribly unprepared

June 7, 2025
TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

June 7, 2025
‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

June 7, 2025
FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

June 7, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Deadly drone wars are already here and the US is horribly unprepared

    Deadly drone wars are already here and the US is horribly unprepared

    June 7, 2025
    TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

    TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

    June 7, 2025
    ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

    ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

    June 7, 2025
    FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

    FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

    June 7, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved