Solana (SOL), the fifth-largest cryptocurrency by market cap, is facing a potential price drop. It has broken below its crucial support level of $180, indicating a bearish move ahead. Expert analysis suggests that SOL could experience a 15% price drop to $155 in the coming days. Despite this, investors and long-term holders are accumulating SOL tokens, leading to a significant outflow from exchanges, which could create buying pressure and a potential price rebound. Intraday traders are betting on the long side, with significant open long positions at $174.3, while short sellers are exhausted at the $180 level. SOL is currently trading near $177, experiencing a 6% price drop in the past 24 hours, with increased trading volume indicating heightened participation amid the price decline.
Content Editor ( coinpedia.org )
- 2025-02-18
Solana (SOL) Price Prediction for February 18
