Bitcoin Rises 1.6% as Ethereum, Solana, and Dogecoin Experience Significant 24-Hour Drops!

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 05 2025

SOL-1.377%

BTC+1.436%

DOGE-2.015%

Should l Buy SOL?

Bitcoin's Performance: Bitcoin rose by 1.6% to $112,270, maintaining its market dominance with a valuation of approximately $2.2 trillion, while major altcoins like Ethereum, Solana, and Dogecoin faced declines.
Declines in Major Altcoins: Ethereum dropped 0.4% to $4,353.05, Solana fell by 0.7% to $205.31, and Dogecoin decreased by 0.3% to $0.2155, reflecting a mixed sentiment in the altcoin market.
Top Gainers Amidst Market Declines: Smaller altcoins showed significant growth, with TDCCP leading with a 91.4% increase, followed by Portal to Bitcoin and MemeCore with gains of 64.4% and 35.3%, respectively.
Stability in Other Cryptocurrencies: Major cryptocurrencies like Binance Coin, XRP, and TRON remained stable with minimal changes, indicating a contrast to the volatility seen in other altcoins.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	15.893	41.697	67.243	93.047	118.593	144.397	169.943
Fibonacci	41.697	61.312	73.431	93.047	112.662	124.781	144.397

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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