Solana (SOL) price has experienced significant volatility in recent days as it faces key technical challenges. After reaching a new all-time high on January 19, SOL has pulled back 14.5%, though it maintains a 16.7% gain over the past seven days.

Technical indicators suggest the strong uptrend is losing momentum, with key support and resistance levels likely to determine the next major price move. The growing number of whale addresses holding large SOL positions indicates strong institutional interest, despite the recent price correction.

SOL Whales Are Reaching All-Time Levels

Solana whales have reached historic levels, with addresses holding 10,000+ SOL peaking at 5,137 three days ago before slightly declining to 5,128.

Tracking these large holders is crucial for market analysis since whales can significantly impact price movements through their trading decisions and often represent institutional players whose actions can signal broader market sentiment and potential price trends.

The current elevated whale count, which jumped from 5,054 on January 17 to 5,128 in just six days, suggests strong institutional confidence in SOL despite the minor recent decline.

This rapid accumulation by large holders could indicate positive price momentum for Solana. However, investors should remain aware that concentrated holdings also carry the risk of increased volatility if whales make coordinated moves.

Solana DMI Shows the Trend Is Losing Its Steam

Since SOL price recent all-time high, the average directional index (ADX) for Solana has declined sharply from 66.2 to 27.2 over the past four days.

ADX measures trend strength regardless of direction, with readings above 25 indicating a strong trend and below 20 suggesting a weak trend. The current 27.2 reading shows the trend is still strong but significantly weakening from its recent extremely strong levels.

The decline in +DI (Positive Directional Indicator) from 26.2 to 22.2 alongside an increase in -DI (Negative Directional Indicator) from 12.5 to 17.4 suggests momentum is shifting. While SOL remains in an uptrend, these DMI components indicate selling pressure is increasing while buying pressure is decreasing.

This technical setup often precedes a period of consolidation or potential trend reversal, though the current ADX reading above 25 indicates the uptrend still has some strength remaining.

SOL Price Prediction: Will Solana Reach $300 In January?

The narrowing distance between SOL’s EMA lines, while maintaining their bullish alignment (short-term above long-term), typically signals decreasing momentum in the uptrend.

This pattern often suggests a potential period of consolidation or price correction, though the maintained bullish structure indicates that the overall uptrend has yet to break.

The technical analysis reveals critical support and resistance levels that could determine SOL’s near-term direction. A break below $223 could trigger a cascade to $211, with further downside potential to $191.85 if these supports fail.

Conversely, reclaiming bullish momentum could drive Solana price toward $295, with a potential breakthrough above $300 marking a historic milestone.

FARTCOIN’s price is showing significant weakness after revelations about Terminal of Truths rocked the market. The coin has fallen 13% in the last 24 hours following a $25 million OTC sale by a suspected human operator.

While short-term EMAs remain above long-term averages, their downward trajectory points to a possible death cross that could push FARTCOIN below key support levels at $1.30 and $1.13, with $0.74 as the next major target.

FARTCOIN Tumbles as Terminal of Truths Operator Dumps $25 Million, AI Authenticity Questioned

FARTCOIN downward spiral began when rumors emerged about a suspected “Terminal of Truths” human operator who quietly cashed out $25 million through an over-the-counter transaction.

The selloff accelerated as traders reacted to what many saw as a betrayal of the project’s decentralized ethos, with some major holders rushing to exit their positions amid growing uncertainty. The revelation added fuel to existing doubts on X about Terminal of Truths’ claimed AI autonomy.

The platform had previously faced credibility issues when its bot made an uncharacteristic typing error months ago. With no technical means to verify if the system truly operates autonomously or is secretly guided by human hands, community members have become increasingly vocal about their skepticism.

The massive OTC sale combined with lingering questions about the Terminal of Truths authenticity has significantly damaged market confidence in the meme coin.

FARTCOIN Technical Indicators Signal Weakening Momentum

FARTCOIN BBTrend indicator has fallen sharply to 10, marking a dramatic decline from its 36.6 reading just two days prior. While the metric has maintained a positive streak for seven consecutive days, its back-to-back drops over the past 48 hours suggest mounting bearish pressure in the short term.

The Average Directional Index (ADX) reinforces this weakening trend, now sitting at 26.7 after reaching unprecedented levels.

The dramatic fall from its all-time high of 59 three days ago indicates a significant loss of directional strength, suggesting the recent strong trend may be losing steam and entering a potential consolidation phase or reversal.

FARTCOIN Price Prediction: Can It Fall Below $1?

The exponential moving average (EMA) configuration shows FARTCOIN short-term EMAs still holding above long-term lines, but their downward trajectory suggests an impending death cross.

A break below key support levels at $1.30 and $1.13 could accelerate the decline, potentially sending FARTCOIN price down to $0.74 as the next major support zone, making FARTCOIN lose its status as a top 10 biggest meme coin.

Despite the bearish setup, FARTCOIN price still has a chance to reverse course if it can weather the Terminal of Truths controversy.

A recovery move would face immediate resistance at $1.61, though significant buying pressure would be needed to overcome the current technical weakness and negative sentiment.

Research by Global Ledger shows that scammers leveraged the TRUMP meme coin hype to steal over $857 million from the crypto market in the past week. 

Scammers allegedly created tokens representing other national leaders, sent them to major TRUMP wallet holders to establish legitimacy, and then initiated a rug pull.  

TRUMP Meme Coin Hype Created a Rug Pull Frenzy 

Donald Trump launched a meme coin, TRUMP, last Friday, igniting a chaotic buzz across the crypto market. By Wednesday, the token’s market cap hit $8 billion, following a peak of $15 billion on Sunday. 

Fraudsters have been exploiting the token’s popularity by sending fake coins to wallets associated with the TRUMP team and its creators. Crypto traders, closely watching these wallets, mistakenly bought these worthless tokens. 

They assumed that the TRUMP meme coin team was intentionally buying these tokens and had insider knowledge. Scammers anticipated this behavior and capitalized on it.

According to Global Ledger, at least $857.5 million has been generated through four scam tokens tied to international figures. These tokens—JMilei, MELON, WTRUMP, and PUTIN—were cashed out on major exchanges, including Binance, OKX, Crypto.com, and Bybit. 

Further investigations found that three tokens—PUTIN, KING, and BUFFET—were linked to the same deposit wallets on Binance. These wallets withdrew $91.3 million. 

The pattern suggests that a single entity or group created and cashed out these tokens.

Earlier reports highlight that just 40 wallets control 94% of the total supply of TRUMP and MELANIA meme tokens. 

Despite this concentration, most holders are small-scale investors, with over 80% owning less than $1,000 worth of tokens on Solana.

Additionally, 42% of TRUMP and MELANIA token buyers are first-time crypto investors, according to a separate survey.

“Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation states,” Ethereum Co-founder Vitalik Butein recently wrote on X (formerly Twitter). 

Meanwhile, Ryan Fournier, chairman of Students for Trump, has been scrutinized for allegedly triggering a rug pull in the TIKTOK meme coin. 

On-chain data shows Fournier sold $700,000 worth of the token, draining liquidity and causing its market value to plunge. Fournier denies any wrongdoing.

Overall, scammers are exploiting the current meme coin hype to the fullest extent. Users must stay cautious and understand the dangers and profound volatility of these tokens.