Solana (SOL) has dropped significantly from over $200 to struggling around $133, with potential for further declines.
After a short rebound above $150, bearish pressures pushed SOL back near critical support at $133.
Overall bearish sentiment and Bitcoin’s weak performance may drive SOL below critical support levels.
The cryptocurrency market has been a battleground of volatility, and Solana (SOL), a prominent digital asset, has found itself in the crosshairs of a relentless bearish onslaught.
After a precipitous decline from its yearly highs above $200, Solana’s price faced a severe breakdown, breaching the crucial support level at $175. This bearish onslaught saw massive bearish candles form as the bears dragged the price levels close to $140 and eventually below.
Currently, the SOL price is attempting to remain above the key support level of $133. However, the current technical setup suggests that there is a possibility of further price declines in the near future.
We współpracy z: https://thenewscrypto.com/solana-teeters-on-crucial-support-as-bears-tighten-grip/
