The post Oversold Altcoins Like Solana Flash Bullish Divergences — Are Relief Bounces Coming? appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana has faced intense selling pressure over the past week as the broader crypto market reels from the impact of US President Donald Trump’s aggressive trade policies. Fears of a prolonged trade war and mounting macroeconomic tensions have triggered a wave of panic selling across risk assets, with Solana among the hardest hit. The altcoin has plunged over 60% from recent all-time highs, reflecting the brutal conditions gripping even the strongest large-cap tokens. Related Reading Despite the carnage, there are early signs that a short-term rebound could be on the horizon. Prominent analyst Bluntz shared his outlook on X, noting that he has started bidding on several oversold altcoins like Solana, showing bullish divergence. According to Bluntz, many of these tokens have fallen in a straight line, setting the stage for what he believes could be “sizeable bounces” in the near term. While he doesn’t believe this is the definitive market bottom, the presence of bullish divergence across multiple charts offers a glimmer of hope for traders seeking relief rallies. With Solana hovering at critical support levels, all eyes are on whether this bounce thesis plays out — or if further downside awaits. Solana At A Critical Juncture As $100 Level Faces Pressure Solana is now at a crucial technical and psychological crossroads as the $100 level remains a key price to hold. After a brutal selloff that intensified over the weekend, Solana dropped more than 20% in just…

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Filed under: News - @ April 9, 2025 6:25 am