The Crypto Market Faces One of Its Biggest Sell-offs in Years as President Trump’s Tariff War Triggers Fears of Inflation

Among the top altcoins, Solana (SOL) has been one of the worst hit, dropping from $250 to retest the $180 support in a week.

Solana (SOL) Might Crash To $138 As XRP Investors Sell 130 Million Coins Among the top altcoins, Solana (SOL) suffered one of the biggest declines last week, dropping from a weekly high of $250 to retest the crucial $180 support level, CoinMarketCap data showed.

Solana (SOL) Price Analysis After a massive drop from $250 to $180, Solana price showed some recovery to return to the $200 support level. However, SOL still risks a major decline if it fails to hold a key support level, according to one technical analyst.

Solana price dropped massively last week after a bullish start to the year. From CoinMarketCap data, SOL began the week at a low of $226 before rallying to highs of $250. However, the altcoin failed to hold these gains and crashed out of an ascending channel.

Solana dropped to lows of $178 before finally showing some recovery. At the time of writing, Solana price is trading at a support level of $191. This level is crucial for SOL, and failure to hold it could lead to further declines.

According to technical analyst Ali Martinez, if Solana fails to hold the $191 support, a breakdown could happen. The analyst shared a chart showing SOL potentially falling out of an ascending channel. If this happens, Martinez believes that the Solana coin could drop to lows at $138, price levels it last saw in September 2024.

Solana price last traded at $138 in September 2024, and if the technical analyst’s analysis plays out, SOL investors could see their coins drop by 30% from current levels. This would put Solana at risk of dropping out of the top 10 crypto rankings.

Solana investors are now watching closely to see if the altcoin can hold the $191 support level. Failure to do so could lead to a massive drop to $138. This would be a major blow to Solana, which has been one of the best performing altcoins over the past year.

Whales Sell Over 130 Million XRP Coins As Price Drops To $2 Solana might be facing a massive drop, but another altcoin in the top 10 also suffered one of the biggest declines over the weekend. The altcoin is Ripple (XRP), and it plunged from over $3.25 to briefly retest the crucial $2 support level.

While XRP has rebounded to the $2.3 range, the altcoin price is still down by over 20%. The massive decline was further worsened by top XRP whales taking profit and dumping the altcoin.

According to technical analyst Ali Martinez, over a 24-hour stretch, whales sold over 130 million Ripple (XRP) coins. A major Ripple news that made the drop worse was XRP being omitted from the Hong Kong regulator’s approved list of cryptos.

With the sentiment around the Ripple crypto now looking uncertain, XRP investors have been moving to other more promising altcoins like DTX Exchange (DTX).

Investors Jump on DTX Exchange (DTX) As It Defies the Bear Market Unlike the rest of the crypto market, DTX Exchange (DTX) remained bullish, extending its gains of 700% to trade at $0.16. As a result, there has been a ton of investor interest in DTX, with its presale funding rising to $13.4 million.

DTX Exchange is pulling this off as it is the first hybrid trading exchange to offer traders access to over 120,000 assets. In addition to digital assets, traders can buy and sell stocks, forex, commodities, metals, and ETFs on the DTX Exchange. This puts DTX Exchange in the $690 trillion OTC derivatives market.

Another great feature of DTX is its hybrid framework. This means DTX Exchange will offer higher liquidity, great security, provide a reliable trading experience, and a No-KYC model.

In addition, the VulcanX blockchain of DTX Exchange could become the market leader. The Layer-1 blockchain processes transactions with 0.4ms speed and supports 200,000 TPS. As a result, industry experts believe it could rise to become one of the top 5 exchanges. Already, it has onboarded over 550,000 traders, showing how much potential it has.