Crypto Market Bloodbath: What’s Next for SOL, NOT, STRK, ORDI, and GALA?
- Crypto market cap falls to $1.98T, down 8.97% in 24 hours amid intense selling pressure.
- SOL and NOT face major declines, but potential rebounds could reverse negative trends.
- GALA and STRK are at risk of further drops, but market shifts could spark significant recoveries.
The crypto market has plummeted in a sharp downturn, with nearly all major coins, including SOL, NOT, STRK, ORDI, and GALA, experiencing significant drops in value. However, Tether, which maintains parity with the U.S. dollar, remains an exception amid the sea of red.
At press time, the cryptocurrency market’s total valuation dropped to $1.98 trillion, marking an 8.97% decline in 24 hours. Meanwhile, the trading volume surged by 41.15% in the same timeframe, reflecting intense selling pressure in the market.
This analysis explores the future paths for these altcoins, considering both the continuation of the bearish trend and the possibility of a market rebound.
Solana (SOL)
Despite a slight rebound earlier this week, SOL has significantly declined, falling over 11% for the week and 6.49% in the past 24 hours. It is now trading at $126.72. This downturn has reduced SOL’s intraday ma…
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