Solana price forecast as SOL bulls look to buy the dip

  • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
  • The technical outlook on the daily chart shows price is taking on a bearish flip.
  • Bulls bouncing amid crypto recovery could target $200.

Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

Here’s a look at the technical picture for SOL.

Solana drops to key support level

As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

A bearish sentiment amid this flip has SOL currently hovering at a key support level.

Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

Solana price prediction

The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

Spot ETFs and regulatory tailwinds could be the main catalyst.

However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

SOL price chart by TradingView

The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

The post Solana price forecast as SOL bulls look to buy the dip appeared first on CoinJournal.

XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

  • XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.
  • Daily trading volume jumped 28% to $8.2 billion as panic selling spread.
  • XRP’s technical outlook suggests further price declines.

Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.

Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.

This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.

Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.

However, could XRP’s strength see bulls rebound off support to eye new all-time highs?

XRP price – bulls fail to hold $3.00 amid crypto downturn

In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.

While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold.

Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.

As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k.

Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans.

Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.

ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.

On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.

A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.

The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.

Ripple price prediction

XRP’s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.

XRP price chart by TradingView

On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.

Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.

The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.

If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.

On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.

The post XRP price forecast: XRP dips 7% as crypto downturn threatens bulls appeared first on CoinJournal.

Best altcoin to invest in? BPENGU is turning heads with its presale

  • Many investors who profited from Pudgy Penguins are now eyeing what’s next—and Bitcoin Penguins is well-positioned to capture that rotation.
  • BPENGU’s presale has already raised $1.8 million, climbing through its early stages.
  • There are 15 stages in total, and early backers are already staring down massive gains.

Bitcoin closed out July at an all-time monthly high of $115,644, a milestone that speaks volumes about where the crypto market stands today: alive, maturing, and bracing for its next breakout chapter.

Despite a modest 3% dip to start August, the bullish sentiment hasn’t faded.

In fact, it’s moved downstream—towards altcoins, where investors are hunting the next moonshot.

Enter Bitcoin Penguins (BPENGU)—a project that’s not just riding the penguin meta but rewriting it completely.

Just when you thought penguins had peaked…

Pudgy Penguins turned heads, captured hearts, and carved a mutli millon dollar niche out of thin air.

PENGU has already made its mark this cycle, surging 130% over the past month and cementing its position as a leading meme coin.

Bitcoin Penguins is the logical next step—fusing the viral appeal of penguins with native integration into the Bitcoin ecosystem, a combination that remains largely untapped.

Another key bullish case for Bitcoin Penguins is the crypto market’s relentless search for the next breakout.

Many investors who profited from Pudgy Penguins are now eyeing what’s next—and Bitcoin Penguins is well-positioned to capture that rotation.

Born from the frenzy, BPENGU’s creators saw the wave, grabbed a napkin, and sketched out a smarter evolution.

“What if you fused Bitcoin’s brand with Pudgy’s culture?”

The answer: a meme coin with real economic gravity and explosive upside.

$1.8 million raised

The momentum isn’t theoretical. BPENGU’s presale has already raised $1.8 million, climbing through its early stages with a clean 5% price bump at every level.

There are 15 stages in total, and early backers are already staring down massive gains by the time listings go live on September 2.

Simple enough for a smart 12-year-old: every time a stage fills, the price goes up 5%.

No lock-ins, no fuzzy math. Just structured, transparent upside that rewards early believers.

Penguin power meets BTC muscle

Why does this matter now? Because altcoin season is warming up.

Bitcoin dominance is steady, but investors are rotating into low-cap plays with potential for 10x–100x returns.

With staking rewards up to 100% APY, a 1 BTC weekly jackpot, and a retail-first token allocation (only 3% to insiders), BPENGU is checking every box.

It’s more than just a meme—it’s a machine built for virality and velocity.

If you missed Pudgy Penguins, this is your shot at redemption. BPENGU isn’t a clone—it’s the next evolutionary step.

The penguin party’s just getting started, and this time it’s backed by Bitcoin.

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