Solana Price Action Crashes 70% — Bullish Divergences Hint At A 20% SOL Pump Ahead

The Solana price action has come under extreme pressure, sliding over 60% from its highs. It’s panic selling triggered by Trump’s trade policies. Despite this bloodbath, notable analysts like Bluntz are spotting bullish divergences in Solana and other altcoins, hinting that short-term relief bounces could be possible. 

Traders are closely monitoring the SOL price as bullish divergence signals for the SOL show up on charts. They are watching the altcoin market trends to see if SOL can recover key levels.

Relief Rally Hopes Build as SOL Bullish Divergence Emerges

After a sell-off, Solana price action is showing early signs of stabilization. The sharp 20% crash over the weekend broke the $120 support, but bulls have managed to break the critical $100 psychological zone. If the SOL  can reclaim $120, a short-term reversal could build, reigniting bullish momentum after weeks of selling pressure.

started bidding some names for bounces today, lot of bull divs printed on names like $sol, hype + many more that have basically gone down -70%+ in a straight line even on large caps.

defo do not subscribe to the idea this is "THE BOTTOM" but sizeable bounces highly likely imo. pic.twitter.com/sWxdoTE7fy

— Bluntz (@Bluntz_Capital) April 8, 2025

Bluntz’s analysis shared on X shows charts where Solana and other major altcoins dropped nearly 70% in straight-line moves, and it is a setup that historically results in countertrend rallies. His outlook resonates with the growing whispers in the market that bullish momentum could fuel a temporary recovery despite the longer-term uncertainty.

Crucial Battle for Solana Price Action at $100 Support

The chart below charts Solana currently trading around $108. The Solana price action is a battle between bulls and bears. The $100 level is proving to be a crucial support that needs defending to prevent a collapse into lower demand zones near $80. Analysts note that reclaiming $120 could restore confidence and set up the stage for a bounce, in line with observed SOL bullish divergence signals. 

Chart 1 – Provided by dh761218, published on TradingView, April 9, 2025.

Trading volume has exploded to 1.37 million, marking the largest spike in weeks, which hints at strong interest around the recent lows. Despite the bounce, SOL remains under heavy pressure, trading well below key moving averages: the 50-day SMA at $125.38, the 100-day at $136.35, and the 200-day at $174.17. 

Currently, the SOL price is about 70% down from its early 2025 high near $300, highlighting the deep correction phase the asset has endured. However, the sharp volume surge around the $106.05 low suggests a potential local bottom, especially as psychological support at $100 remains intact.

Future Path for Solana: Can Bullish Momentum Sustain?

Despite the glimmers of hope, Solana price action remains precarious. Failure to hold the $100 mark would likely trigger a deeper retracement toward the $80 range. This region represents a major liquidity zone where buyers previously stepped in and could again act as a catalyst if selling pressure intensifies. Meanwhile, reclaiming $120 would mark the first major shift in short-term bullish momentum for SOL.

If relief bounces materialize, SOL Bullish Divergence Signals suggest that SOL could lead the charge, offering high-risk traders potential upside opportunities. The coming days will be crucial as Solana attempts to carve out a bottom amid volatile and uncertain conditions.

Final Thoughts: Will Solana Defend Key Levels and Bounce?

SOL is at a make-or-break zone, and the next few moments could decide everything. SOL bullish divergence signals on the charts are flashing a green light for a potential relief rally, but the market structure remains shaky. Momentum looks promising, but until SOL reclaims key EMAs. The broader altcoin sentiment will be a major catalyst.

The post Solana Price Action Crashes 70% — Bullish Divergences Hint At A 20% SOL Pump Ahead appeared first on Coinfomania.