CandleFocus Crypto News: Solana Price Crash Deepens – Will SOL Drop to $138?
2025-02-03
Author: Content Editor
The ongoing crypto market downturn has resulted in a significant drop in the price of Solana (SOL) and forced liquidations totaling over $2 billion. SOL has seen a 33% decline from its all-time high to approximately $196. Technical analysis suggests that SOL must rebound from its current support level of around $191 to avoid a potential further drop to $138. Despite the recent dip, the Solana network continues to grow its web3 ecosystem, with popular DeFi platforms and a significant amount of value locked and staked on the network. The Solana network is supported by both retail traders and institutional investors looking to diversify their crypto holdings.
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