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Altcoin Price Prediction: Why BNB, Solana And XRP Are Down Today?

Rahul Rathore Rahul Rathore Calendar 05-02-2026
Altcoin Price Prediction

Blood In The Streets: Will Altcoins Break Their Final Base?

The crypto market is witnessing a liquidity bloodbath today, one that has shaken even the strongest bulls. 

The overall market has slipped nearly 6.5%, pushing the total crypto market cap below the critical psychological level of $2.42 trillion.

The real damage is visible in the Altcoin Price Prediction charts. 

XRP is down nearly 11%, BNB has dropped around 9.5%, and Ethereum (ETH) is trading almost 7.86% lower, while Solana is also facing a heavy 7% decline.

Adding to the pressure, the Fear and Greed Index has plunged to an “Extreme Fear” level of 11, reflecting intense panic among retail investors. 

The big question now is simple—is this just a panic-driven flush, or the start of a deeper breakdown for major altcoins?

When market cap loses its base and major altcoins start falling in near double digits, it often signals that the market has entered a capitulation phase, where further downside can appear before any meaningful recovery takes shape.

Key Macro And Market Triggers Behind The Current Sell-Off

The current sell-off is not random but driven by a combination of broader macro pressures building in the background.

Kevin Warsh Nomination: Donald Trump’s move to nominate Kevin Warsh as the next Fed Chair has unsettled markets. 

Warsh is widely viewed as hawkish on interest rates, which has increased concerns around tighter monetary conditions.

ETF Outflows: Institutional investors have been reducing exposure to Bitcoin and Ethereum ETFs, signaling a clear risk-off shift among large participants.

Market Liquidations: Heavy liquidations across the cryptocurrecy have pushed BTC and ETH below key support zones, adding to downside pressure and volatility.

Extreme Fear Environment: Overall sentiment has slipped into extreme fear territory, indicating that retail traders are engaging in panic-driven selling rather than calculated positioning.

Why BNB Is Down Today

On the TradingView 4-hour chart, BNB saw a sharp drop from the $900 zone and then paused near $740, where price formed a bearish flag pattern.

That structure has now broken to the downside, driven by macro uncertainty and continued selling pressure.BNB price analysis showing bearish flag breakdown on 4 hour chart

BNB is currently trading near the $700 area, which is a psychological support level.

If selling extends below this zone, the next downside levels to watch come near $680, followed by $637.

Until BNB manages a sustained close above $740, upside recovery remains difficult and fragile.

Why XRP Is Down Today

On the 4-hour chart, XRP had been trading inside a long-term falling channel for an extended period. 

That structure has now broken to the downside, following a bearish crossover of the 9 and 21 EMA, which added selling pressure.XRP price analysis showing breakdown below key support levels

XRP has lost the $1.6197 long-term support and is currently holding near the $1.4315 zone. If downside pressure continues, the next key support comes near $1.2532.

For now, XRP needs to flip $1.62 back into support to avoid a drop to $1.25. The 9 and 21 EMA are acting as a resistance wall, meaning any short-term bounce is likely to face selling pressure until a bullish crossover appears.

Why Solana Is Down Today

According to crypto analyst AltCryptoGems, Solana has broken below its long-term support near $110, a level it had respected for a long period. 

This breakdown has pushed SOL into a low-liquidity zone, increasing panic and selling pressure.

Solana price analysis showing long term support break near 110

The analyst notes that while extreme bearish scenarios point much lower to $20, before that $80 and then $50 stand out as more realistic interim support areas. 

Until Solana reclaims and sustains above $110, selling pressure is likely to continue rather than ease.

Conclusion

Right now, the Altcoin Price Prediction picture looks weak rather than stable.

Macro pressure, broken charts, and extreme fear are still controlling the market. 

BNB, XRP, and Solana remain exposed as long as key support levels stay broken.

Any short bounce may attract sellers instead of real buying interest. For now, this phase feels more like a fear-driven reset than a clear bottom.

YMYL Disclaimer: This article is strictly informational in nature and does not constitute an investment recommendation. Investment in cryptocurrencies is extremely volatile, and market conditions can change quickly based on macro data. It is always essential to do your own research before making any investment.

Rahul Rathore
Rahul Rathore

Expertise

About Author

Rahul Rathore brings over 3 years of hands-on experience in technical analysis, specializing in crypto, stocks, and market trend forecasting. With a deep understanding of chart patterns, indicators, and market psychology, Rahul delivers precise, actionable insights that help traders and investors make informed decisions. His analytical approach combines technical expertise with real-world market understanding, making his content reliable and highly valued by both novice and experienced traders.

Rahul Rathore
Rahul Rathore

Expertise

About Author

Rahul Rathore brings over 3 years of hands-on experience in technical analysis, specializing in crypto, stocks, and market trend forecasting. With a deep understanding of chart patterns, indicators, and market psychology, Rahul delivers precise, actionable insights that help traders and investors make informed decisions. His analytical approach combines technical expertise with real-world market understanding, making his content reliable and highly valued by both novice and experienced traders.

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