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Solana’s price faces renewed pressure following a significant unstaking event by an Alameda Research-linked wallet. Blockchain data confirms that an address associated with Alameda withdrew $23 million worth of SOL and distributed the funds across multiple addresses. On-chain activity reveals that the staking address unlocked $22.9 million SOL before transferring assets to 37 affiliated wallets linked to Alameda and FTX. The cumulative holdings of these addresses now total approximately $178.82 million in SOL, fueling speculation of a potential selloff. Historically, large unstaking events have resulted in increased selling pressure, often leading to price declines. If these funds are moved to exchanges, the likelihood of a significant downturn in Solana’s price increases. Historically, the mass unstaking of SOL has signaled impending market corrections. Earlier this month, whales unstaked nearly $1 billion in SOL, leading to a decline in Solana’s price. A similar event occurred in previous instances when unstaked tokens flooded the market, triggering a price drop as demand struggled to match supply. Experts track Solana trading at $126.53 since the price declined by 15% during the last week. Trading volume has weakened by 22.71% throughout the past day to reach $4.1 billion. When investors lose confidence, trading activities diminish, and this situation intensifies price drops. ARKHAM ALERT: ALAMEDA ADDRESS JUST UNSTAKED $23M SOL TO 38 NEW ADDRESSES An FTX/Alameda Staking address received $22.9M SOL from a staking address unlock and has just distributed these funds to 37 addresses that have previously received SOL from this address. These addresses… pic.twitter.com/9eWuKAY4na The Solana token shows signs of a death cross formation through technical indicators, which serves as an important bearish indicator. A death cross in the cryptocurrency occurs when the shorter-term moving average drops below the longer-term moving average. The historical appearance of this pattern before led to severe price drops for Solana. The technology network Solana faced its initial death cross in 2022, which triggered a destructive 90% value loss, which intensified due to the FTX collapse . The “Trump pump” phase followed the second death cross after prices fell through the year. The current market shows indications that Solana will struggle to reach its projected $200 mark. The market conditions have persuaded traders to take a reserved approach. Market worries for protracted downward price movements increase because Alameda continues to reduce its SOL stake while bearish technical signals persist. Attention of investors remains focused on unstaked SOL transfer activities to exchanges since such movements will support existing expectations about an upcoming price drop. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Tether has experienced a notable increase in on-chain activity, suggesting a potential shift in market sentiment. On March 11, Santiment reported 143,480 wallets engaging in USDT transactions which became the largest monthly wallet participation since September. Activity within stablecoins tends to act as an indicator for renewed market buying pressure to develop. Indicators of major price drops encourage traders to use USDT stablecoins for market protection as they plan their market reentry. The data from Santiment demonstrates increasing USDT movement among traders who seem ready to buy assets when prices drop. Historical market downtrends show that stablecoin holders began accumulation before market recovery phases. On September 14, Tether recorded the creation of 53,767 new wallets, coinciding with an accumulation phase that preceded a significant market rally. The recent surge in USDT transactions mirrors this trend, reinforcing expectations of a possible rebound. The increase in network growth and daily active addresses suggests that traders are positioning themselves strategically in anticipation of improved market conditions. 💸 Tether's on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high). When $USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering. pic.twitter.com/siFOR7vSf7 Market participants shifted their funds toward stablecoins because the broader cryptocurrency market experienced substantial price declines during a risk-averse period. History shows that positive market sentiment produces capital inflows into Bitcoin together with the major altcoins market. Under normal circumstances, an upward movement of USDT activity would accompany a market reversal. The latest movement of USDT corresponds to previous market accumulation phases which fueled market recovery according to Santiment analysis. The growing movement of stablecoins reveals that traders have started preparing for the next chance to invest in the crypto market despite how economic conditions and investor mood will influence the outcome. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

A recent analysis on Chainlink (LINK) examines its technical chart as the digital asset tests key support levels. The asset is noted for its potential to rebound based on the current market setup and trader sentiment. Prominent crypto analyst Ali_charts observed that Chainlink is trading near a critical support level at approximately $13.92 . The tweet states, “#Chainlink $LINK is at a critical support level. Holding here could set the stage for a rebound toward $24!” This commentary follows an examination of a daily candlestick chart on Coinbase, where LINK recently peaked near $27.50 before experiencing a notable correction. #Chainlink $LINK is at a critical support level. Holding here could set the stage for a rebound toward $24! pic.twitter.com/RC60LNKaq1 The chart reveals an ascending channel that Chainlink has followed since mid-2022. Price action displays a strong bullish reversal candle with a notable upward wick, which indicates that buyers are returning to the market. The observed trendlines serve as guides, with the lower boundary around $12–$13 offering substantial support. The support zone remains focused at around $12.00. Price has found support in this range after a sustained downtrend from early February 2025. A maintained support level is vital for traders who monitor reversal signals. A bounce from this level may offer buying opportunities in the short term. Short-term resistance is around $15.00, while mid-term resistance is near $17.00. Analysts also note that a move toward $20.00 could represent a pivot level for further upward action. Market participants monitor these levels closely, as a breakdown below support could trigger further price declines toward $10 or lower. The analysis uses two momentum indicators: Stochastic RSI and MACD. The Stochastic RSI shows the %K at 51.94 and %D at 44.83. This recent bullish crossover suggests rising momentum while the indicator moves from the midline toward overbought conditions. The short-term signals point to possible further price gains if current trends persist. MACD readings show a slight negative histogram and proximity between the MACD and signal lines. Although the indicator remains below zero, it exhibits flattening behavior that could eventually lead to a bullish crossover. The detailed technical review provides a framework for cautious engagement in the evolving market. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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