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: Solana Drops Below $100 For First Time In A Year — Is An 80% Correction Underway? 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 ..
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