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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InSolana (SOL) remains under significant pressure, trading near $83.42 as it tests the critical $80 support level. Market sentiment has soured further following a sudden spike in Ethereum (ETH) staking exit requests, signaling a potential wave of liquidations. On-chain data reveals that large-scale 'whales' are actively deleveraging and moving toward selling positions after the recent price pullback. This shift from general geopolitical concerns to specific on-chain bearish signals intensifies the risk of a breakdown below key technical thresholds. Analysts warn that if SOL fails to hold $80, a 12% drop toward $59 becomes increasingly likely. Meanwhile, ETH continues to struggle below the $2,200 resistance as the exit queue grows and regional tensions persist. The combination of whale selling and staking withdrawals suggests a cautious outlook for the near term.