CandleFocus

Solana could crash to $130, according to crypto analyst

The cryptocurrency Solana (SOL) experienced significant growth during the bull market, reaching highs above $200 in March 2024. However, it has not been able to maintain that momentum or stay above $200. Analysts are now predicting a potential 30% plunge in SOL if it fails to remain above $180, potentially dropping to $150 or even $130. Despite this, SOL has shown movement patterns that have preceded those of Bitcoin (BTC), and its next move is uncertain as it is neither overbought nor oversold. The token's next move will depend on key levels of support and resistance, and there is speculation that it could surge to $270 around Donald Trump's inauguration.

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