Solana (SOL) down 54%—traders rotate to MemeToro (MT) presale
Solana (SOL) is trading about 54% below its January high (~$150), around $75. Technical focus remains on the 50-day EMA as a key support/resistance, while analyst Michaël van de Poppe flags ~$77 as a critical breakout level. On-chain, however, the network shows resilience: Solana recently processed over $200M in tokenized asset volume in a day.
Because SOL’s price recovery has lagged the improving activity, some traders are rotating rather than abandoning the ecosystem. The article highlights a broader trend: capital shifts toward earlier-stage projects with ongoing roadmaps and real utility, especially AI-linked platforms.
MemeToro ($MT) is presented as one beneficiary of this rotation. The AI-powered presale claims features including AI-assisted memecoin creation, decentralized prediction markets (covering crypto, sports, politics, and events), and SocialFi/bbehavioral-finance tooling. MemeToro is in Stage 3, with $46,264.54 raised toward an $80,644.11 target. The presale price is $0.00171 per $MT, with a fixed supply of 1.2B tokens and 71% allocated to public participants. Purchases reportedly accept BNB, ETH, USDT, USDC, and cards.
For SOL traders, the near-term question is whether SOL can reclaim ~$77 to break bearish structure; otherwise, consolidation risk may persist while some incremental demand leaks into presales like MT.
Neutral
The news is mixed for traders. On one side, SOL’s price is down ~54% from the January high, and analysts are still waiting for confirmation above the ~$77 resistance area. That keeps near-term upside pressure limited and can support consolidation or cautious positioning.
On the other side, Solana’s on-chain activity (over $200M tokenized asset volume in a day) suggests demand for the network is not collapsing. In similar past patterns, when price lags usage, traders often rotate capital: they may keep core SOL exposure for the next technical breakout, while reallocating incremental risk to higher-beta plays.
MemeToro’s presale narrative (AI utility, prediction markets, staking rewards) can be seen as a “risk dispersal” effect—potentially bullish for MT/early-stage sentiment, but not necessarily a direct bullish catalyst for SOL. Short-term, this rotation could weigh on SOL’s marginal inflows. Long-term, if SOL later reclaims key levels, the earlier evidence of strong activity could still support recovery.
Overall, expect neutral market stability: SOL faces technical headwinds without breakout confirmation, while network fundamentals remain comparatively intact and siphon some speculative demand toward presales.