The cryptocurrency Solana (SOL) has experienced a significant drop in its price, reaching its lowest level in four months. Over the past 30 days, SOL has undergone a sharp correction of 45%. This downward trend has resulted in a market cap of $70 billion. The Ichimoku Cloud and EMA indicators both suggest further downside potential. The number of Solana whales, or large holders, has been declining, contributing to the bearish sentiment. The EMA lines also indicate a strong bearish setup, with short-term lines positioned below long-term ones. If the downtrend continues, SOL could test support levels at $133, $120, or even $110. Alternatively, a reversal could indicate a potential shift in momentum and lead to a test of resistance levels at $152, $171, and possibly a rally back to $180. The upcoming $1.9 billion Solana unlock on March 1 is also being closely observed for its potential impact on the price.



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