CandleFocus Solana (SOL) Might Drop to $90, per This Market Prediction
2024-09-07
Author: Content Editor
Crypto analyst Ali Martinez has predicted a potential price correction for Solana (SOL), the fifth largest cryptocurrency by market capitalization. Martinez suggests that if SOL breaks below the lower boundary of a parallel trading channel at $126, it could trigger a significant drop to as low as $90. SOL has fallen 3.19% in the last 24 hours and 7.18% for the week. A sustained close below $126 would signal a breakdown from the channel and indicate that selling pressure could intensify. However, historically, SOL prices tend to rise in the two weeks leading up to a Solana breakpoint event, offering a potential silver lining.
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