Solana (SOL) Risks Falling Under $100 as Death Cross Signals 30% Decline; Could BinoFi (BINO)'s 1200% Surge Be the Safer Play?

Solana (SOL) faces mounting bearish pressure as technical indicators flash warning signs of a potential downturn. The digital asset shows a looming death cross that

Solana (SOL) faces an increasing risk of falling below $100 as technical indicators present a bleak outlook for the digital asset. The cryptocurrency shows a looming death cross that may propel its price toward a 30% drop from current levels.

As Solana struggles, investors are turning to new projects with more substantial upside potential. One emerging project is BinoFi (BINO), which is already showing impressive growth projections of 1,200%.

Solana’s Death Cross: Why a 30% Drop Below $100 Is on the HorizonSolana (SOL) is approaching a critical technical breakdown as its price forms a death cross on the one-day chart. This bearish crossover occurs when the 50-day simple moving average (SMA) falls below the 200-day SMA. The technical indication is known for signaling extended downtrends for cryptocurrencies.

Solana is currently testing the $125 support range. However, analysts from Benzinga suggest that failure to hold this level could worsen selling pressure, leading to a potential 30% price decline. If Solana drops below $110, the following key support level is at $80, marking its lowest price in the last 30 days.

The market structure and sentiment from March and April 2022 add to the bearish outlook. At the time, Solana experienced a similar death cross pattern, which was later followed by a 90% price crash. The decline was catalyzed by the FTX debacle that also tarnished Solana’s reputation.

Despite this bearish outlook, bullish divergences on Solana’s 1-day and 4-hour charts suggest that buyers may attempt to defend the $140 level. Also, the relative strength index (RSI) shows signs of recovery, indicating that a short-term bounce could occur if selling pressure weakens.

If Solana fails to close above $140 weekly, it could confirm market weakness and open the door for further declines. Moreover, Solana’s network revenue has dropped by 93% since January. The lack of on-chain activity adds to the bearish case for Solana in the long term.

Investors should remain vigilant as technical and fundamental signals point toward a volatile period ahead for SOL’s price action. Could BinoFi’s 1200% Surge Be the Safer Play?

While Solana faces near-term bearish pressure, investors are focusing on BinoFi, a hybrid exchange project poised for massive expansion in 2025. The project has a live presale to raise capital for the project’s developments. BINO tokens are currently sold for $0.02 but are projected to surge by 1,200% by the end of the year as the token lists on major exchanges at $0.30.

This presents an interesting investment opportunity, especially considering the potential gains from BinoFi’s presale. Investors entering the presale early will benefit the most as the token price increases gradually throughout the presale stages.

BinoFi is offering an alternative investment with more substantial upside potential. The project is backed by a solid ecosystem, innovative tokenomics, and upcoming exchange listings that could fuel BinoFi’s token price to rise.

BinoFi’s tokenomics model is designed to create a sustainable supply and demand cycle, which is crucial for ensuring long-term investor interest. The ecosystem incorporates staking rewards, transaction fee reductions, and governance features, allowing BINO holders to earn passive income while benefitting from the platform’s growth.

Additionally, a portion of trading fees is allocated to ecosystem development and token buybacks, which helps to maintain price stability and liquidity. This structure incentivizes long-term holding and reduces selling pressure, making BinoFi an attractive investment in both bull and bear markets.

As a hybrid exchange, BinoFi combines the efficiency of a centralized exchange (CEX) with the security of a decentralized exchange (DEX), providing traders with the best of both worlds. Traders can enjoy deep liquidity, unmatched execution speeds, and self-custody options for a secure and frictionless trading experience.

Furthermore, BinoFi integrates on-chain Proof-of-Reserves (PoR) and multi-party computation (MPC) wallets, adding another layer of transparency and non-custodial asset security that distinguishes it from traditional exchanges.

BinoFi’s growth trajectory is further highlighted by its upcoming exchange listings, which will introduce the token to millions of new traders around the world. BionoFi has plans to debut on several tier-1 exchanges.

From these listings, the platform is expected to experience a significant liquidity boost, ultimately driving BinoFi’s token price and increasing its accessibility for institutional and retail investors. These strategic listings will also enhance market confidence in BinoFi.

With a strong ecosystem, well-structured tokenomics, and significant exchange listings on the horizon,