On the morning of April 4, amid a sluggish market following Trump’s tariff announcement, Solana (SOL) plunged to its lowest degree in three weeks. Let’s discover the important thing causes behind this decline.
Solana Suffers a Sharp Decline
The price of Solana (SOL) has plummeted to $115, marking a steep decline of almost 12.75% throughout the previous 24 hours, as proven on the each day SOL/USD chart from TradingView. This drop has pushed SOL to its weakest degree since mid-March, erasing a lot of the good points it had gathered in latest weeks.
Supply: TradingView
From a technical analysis perspective, SOL’s each day chart is forming a bear flag sample—a chronic bearish sign. SOL is now buying and selling beneath the sample’s decrease edge, suggesting a possible drop to $96 if no reversal happens. The price has returned to early March’s key help zone, however promoting strain exhibits no indicators of easing. The bearish outlook is clouding SOL’s near-term prospects, inflicting merchants to really feel uneasy.
Large SOL Unlock Impacts At present
In line with Arkham Intelligence, a large $200M value of SOL will likely be unlocked at the moment, April 4, 2025. That is the most important unlock till 2028, involving 1.79M SOL (~$200M USD). This SOL comes from 4 accounts that staked $37.7M value of SOL in April 2021, now yielding a 5.5x revenue at present costs. This large launch into circulation threatens to exacerbate the already intense promoting strain, notably as SOL’s price motion grows more and more detrimental.
For traders, this can be a essential second to train warning—consultants suggest avoiding excessive leverage to reduce the danger of liquidation and safeguard accounts amid heightened volatility.
$200M OF SOL UNLOCKING TOMORROW
Tomorrow (4th April) marks the most important single-day unlock of staked SOL till 2028.
These 4 accounts staked a complete of $37.7M of SOL in April 2021, and are up 5.5x at present costs. pic.twitter.com/qvKFWxygh9
— Arkham (@arkham) April 3, 2025
Moreover, President Donald Trump’s tariff announcement sparked panic, driving traders from dangerous property like SOL to safer choices. Not solely SOL but additionally the entire crypto market cap (TOTAL) and Nasdaq Composite plummeted, wiping out trillions of {dollars}. With uncertainty looming, SOL’s struggles mirror a turbulent interval for danger property, as its destiny hinges on market sentiment and technical ranges.
Learn extra: A New Memecoin Development on Solana: $GHIBLI