Solana's price has dropped by nearly 4% in the last 24 hours to a three-week low of $106 on April 9. SOL’s sharp correction is attributed to the latest round of tariffs from the Trump administration and its potential to erase trillions of dollars from the stock market. Experts claim that the Solana price could go as low as the $80 mark if the bearish trend continues. Analysts focus on IntelMarkets in this turbulence due to INTL’s constant success. The ICO has become a disruptive force in this bull run as its presale soars above the $12.2 level. Trump Tariffs Rattle Solana Price: SOL Down By 6% Following US President Donald Trump's "Liberation Day" tariffs on April 2, Solana's price dropped significantly. Solana's price trajectory has made it a risky investment. Investors are shifting their focus from riskier assets, like SOL, to safer investments as a result of the rise of trade tensions. A steep reduction in the annualized rolling basis on three-month contracts indicates that the recent Solana price decline is strongly related to diminishing demand in the futures market. As an annual percentage, the annualized rolling basis indicates how much more (or less) futures contracts are trading with the current spot price. A high basis means futures are trading at a significant premium, signaling bullish expectations and strong demand for leveraged long positions. On the other hand, a low or negative basis means futures are trading close to or below the spot price, indicating a lack of speculative interest or growing bearish sentiment. SOL futures basis peaked in mid-November 2024 at 18% and was below 0% as of April 3, showing that traders are no longer paying a premium for SOL. The SOL token is plummeting in this bull run, registering an intraday decline of over 4%. Bears have a complete hold over the SOL market actions. Experts claim that the Solana price declines can result in the SOL token reaching the $80 mark. The dominance of a huge red candle over the daily charts shows the bearish control over Solana. IntelMarkets: The Future Of Trading Powered By AI Is Here! Market experts have noted an increased capital flow to AI crypto coins amid the current market turbulence. IntelMarkets (INTL) , an upcoming AI-powered trading platform offering features never seen before, is becoming one of the leading market projects. IntelMarkets (INTL) brings the crypto world its first smart-gen trading platform, which is introducing innovative features to everyday traders. Leading the features list is its dual-chain functionality that will give traders the flexibility to trade either on Solana or Ethereum as per their convenience and trading strategy. Their AI-powered trading robots further elevate the game as they are trained to analyze data from 1,000 different sources for over 10,000 assets simultaneously. This gives IntelMarkets users an edge to remain ahead of the market. Additionally, by offering a massive 1,000x leverage margin, they let traders have maximum market exposure even with little capital investment. Furthermore, its multichannel analysis will analyze data from multiple markets, giving users a chance to maximize opportunities not limited to one asset class only. Investors all around the world are already excited for the launch of this platform, to experience these innovative features and enjoy big gains on its native INTL token, which is currently in its presale phase. The presale has already collected a massive funding of over $12.2M, a clear sign of the massive hype surrounding this upcoming launch. Each INTL coin is currently being sold for only $0.09, a low-cost entry to a high-potential project. As the platform draws closer to its listing on major CEXs, its launch price is set to be $0.42, a massive 400% ROI for its new investors. Discover more about IntelMarkets: Presale: https://intelmarkets.io/ Buy Presale: https://buy.intelmarkets.io/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
