Recently, Solana (SOL) experienced a notable downturn, breaking below the critical support level of $110 to trade near $102. This came after a bullish period observed throughout the previous month, signaling a growing optimism in the market as 2024 progressed.
Despite this positivity, Solana (SOL) saw a sudden drop, attributed to a mix of factors including potential buyer fatigue and a lack of enthusiasm among sellers to cash out, which has kept the price within a specific range above the pivotal support level. This consolidation phase followed a short price increase period, hinting at a cautious market sentiment.
The recent downturn brought Solana’s (SOL) value perilously close to crucial defense lines, raising concerns about potential losses if these levels are not maintained. Amidst this backdrop, the crypto market is also seeing the emergence of new players ready to shine.
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We współpracy z: https://cryptodaily.co.uk/2024/02/rising-stars-and-new-cryptos-on-the-verge-of-overtaking-solana
