SOL entered 2026 above $140 and has spent the first quarter giving most of that back. The asset is currently consolidating between $85 and $90 inside a rising wedge pattern that technical analysts flag as pointing toward further downside — a formation that typically signals weakening recovery momentum after a sharp drop.
Key takeaways
Quick scan — what you need to know:
- SOL entered 2026 above $140 and has spent the first quarter giving most of that back.
- The asset is currently consolidating between $85 and $90 inside a rising wedge pattern that technical analysts flag as pointing toward further downside — a formation that typically signals weakening…
- The $80–$85 support zone is the line the market is watching, with a break below potentially opening a slide toward $60 to complete a head-and-shoulders structure that has been building since February.
- XRP is telling a similar story.
Background
What led here, in plain terms:
- The token is trading at $1.43 with bearish momentum pulling it toward the $1.30 support level, while approximately 3.8 billion XRP has moved from large wallets to exchanges since January — the kind…
- Both assets are caught in the same macro trap: genuinely strong network fundamentals that haven’t been enough to hold prices above the levels where the majority of holders are sitting on losses.
- Bitcoin Everlight’s presale has been moving in the opposite direction.
- While SOL and XRP slide, the project has raised over $2.0 million, with Phase 3 now active at $0.0012 — up from Phase 2’s $0.0010 — and each subsequent phase carrying a higher price than the…
Why it matters
Why readers and decision-makers should care:
- The post Solana and XRP Slide Continues — New $100 BTC Reward Model Keeps Rising appeared first on CryptoPotato.
- SOL entered 2026 above $140 and has spent the first quarter giving most of that back.
- The asset is currently consolidating between $85 and $90 inside a rising wedge pattern that technical analysts flag as pointing toward further downside — a formation that typically signals weakening…