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Solana is trading at its lowest levels since September 2024, with extreme fear and selling pressure dominating the market. Since breaking its all-time high in January, SOL has retraced over 55%, leaving bulls struggling to regain momentum. The broader crypto market is facing a period of uncertainty, and Solana has been one of the hardest-hit altcoins in recent weeks. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation Bears have remained in control, consistently driving prices lower as investors lose confidence. The once-thriving meme coin speculation that fueled Solana’s rally has now turned into a major headwind, accelerating the selloff and preventing a stable recovery. Analysts believe further declines could be on the horizon, especially if SOL fails to reclaim key support levels. Top analyst Jelle shared a technical analysis on X, noting that Solana has broken below a crucial demand level, signaling increased risk of additional downside. According to Jelle, SOL’s current price structure suggests that bears still have control, and unless a strong bounce occurs soon, lower price targets could come into play. With market sentiment at extreme lows, all eyes are on Solana to see if it can stabilize or if further declines are inevitable. Solana As Market Turns Bearish Solana is trading below critical demand levels that previously sustained its long-term bullish structure. Bulls have lost control, and bears continue to dominate, pushing the entire market lower. Since reaching all-time highs in January, SOL has dropped over 55%, erasing months of gains and signaling extreme fear among investors. As selling pressure intensifies, Solana has become one of the hardest-hit altcoins, with meme coins suffering the most. The speculative frenzy that once fueled Solana’s surge has now turned into a major risk, with rug pulls and liquidity issues shaking investor confidence. Jelle’s analysis on X reveals that when he sold his SOL bags, he didn’t expect the price to drop this hard. He also notes that Solana has lost both monthly and weekly support levels, which could indicate further declines. The breakdown below these key demand zones has intensified bearish sentiment, making a recovery more difficult in the short term. The upcoming week will be crucial for Solana’s price action, as the market leans increasingly bearish. If SOL fails to reclaim lost support, it could face another wave of selling pressure, potentially pushing it into lower demand zones around the $140 mark. However, if bulls manage to regain control and push the price back above $185, it could trigger a short-term relief rally. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time With the broader market struggling and uncertainty rising, Solana’s next move will determine whether it can stabilize or continue its downward trajectory. Investors remain cautious as fear dominates sentiment, but some still believe in a potential recovery if market conditions improve. The coming days will be crucial in deciding Solana’s fate in this volatile market. Price Struggles To Hold $140 Solana is trading at $139 after a brutal selloff that saw the price drop over 22% since Sunday. The entire crypto market has been hit with extreme selling pressure, but SOL continues to struggle more than other altcoins. Bearish momentum remains strong, and bulls are finding it difficult to establish a clear support zone. If Solana can hold above the $140 mark, there is a chance of a short-term recovery. Bulls must step in and push the price above $150 to signal strength and prevent further downside. However, current sentiment remains weak, and any failure to reclaim lost levels could lead to further declines. If SOL loses $140, the next significant demand zone sits around the $125–$130 range. Breaking below this level would confirm a deeper correction, potentially pushing SOL into its lowest price since August 2024. Investors are growing cautious as market volatility increases, and Solana’s price action remains uncertain. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move For now, traders are watching for signs of a potential bounce, but the risk of continued declines remains high. If the broader market doesn’t recover soon, Solana could continue to face downward pressure, testing even lower support levels in the coming days. Featured image from Dall-E, chart from TradingView
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bybit Takes Aim at Crypto Crime with Launch of Industry-first LazarusBounty.com Platform
DUBAI , UAE , Feb. 26, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of LazarusBounty.com, an industry-first bounty platform that represents a decisive, four-pronged offensive against crypto crime. Underpinned by the firm belief that information transparency is key, LazarusBounty.com is designed to expose illicit activity, hold hackers accountable, and secure digital assets with unparalleled speed and precision. Information Transparency at the Heart of 4-pronged Ultimate Defense At the core of LazarusBounty.com is the conviction that complete, real-time transparency empowers the community and transforms the fight against cybercrime. By making every action visible and every transaction traceable, Bybit ensures that the truth is the most powerful weapon against hackers. 1. Powered by Comprehensive On-Chain Security Data LazarusBounty.com consolidates premier blockchain security databases—including resources from Chainalysis, Arkham, GoPlus, and other top security companies—into a definitive, real-time security wiki. This robust integration empowers investigators and the broader community with critical insights needed to expose and counter illicit transactions. 2. Immediate Activation of Panel of Expert Investigations When a large-scale breach is reported, LazarusBounty.com mobilizes elite blockchain detectives — such as ZachXBT and Yu Xian (C), founder of SlowMist — to initiate immediate, rigorous investigations. This expert-driven approach serves as a call for those dedicated to unmasking cybercriminals.to arms for those dedicated to unmasking cybercriminals. 3. Decentralized Security Alliance Council on Hand to Consult Bybit has enlisted chief security officers from major public chains to serve as advisors, forming a formidable, decentralized network that stands united against cybercrime. This alliance reinforces the company’s commitment to transparency and accountability across the blockchain ecosystem. 4. Merit-Based Bounty Reward Leaderboard The platform’s Hack Leaderboard meticulously tracks contributions and allocates rewards based on the effectiveness of each input in recovering stolen funds. Every verified piece of evidence is logged, spotlighting the bounty hunters actively dismantling criminal operations while exposing those who stand by without contributing. LazarusBounty.com will also be equipped with an automated notification system that triggers immediate remedial measures once illicit funds are traced to their endpoints. By instantly alerting relevant platforms to freeze or block these assets, the system eliminates the delays associated with manual intervention—ensuring that every second counts in the fight against cybercrime. Ben Zhou , Co-founder and CEO of Bybit, hopes to send a clear message. “In today’s blockchain landscape, transparency isn’t just a principle—it’s our most potent weapon against cybercrime. With LazarusBounty.com, we are taking a stand to ensure that every transaction is visible and every hacker is held accountable. Our multifive-pronged offensive is a clear message: if you steal, you will be found, and justice will be swift,” said Zhou. A Proactive Stance Against Cybercrime The launch of LazarusBounty.com sends a clear, unyielding message: stolen funds will not be tolerated for illegal use. This platform serves as a direct challenge to cybercriminals—a warning that any attempt to exploit the blockchain for illicit purposes will be met with relentless, coordinated action. With this five-pronged offensive, Bybit not only challenges cybercriminals but also sets a new industry standard. Rather than waiting for problems to escalate, Bybit is taking the lead in securing the ecosystem and calls on every vigilant community member to support this mission. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube NewsBTC
Whale Collateralizes 326 BTCB to Borrow 30,000 BNB on Venus Protocol
On February 26th, COINOTAG News reported that a significant cryptocurrency whale has leveraged a staggering 326 BTCB, valued at around $28.95 million, to secure a loan of 30,000 BNB through NewsBTC
