Calm Before The Storm in Solana (SOL)!
#Solana (SOL), which took the market by storm with its breathless rise, lost nearly 20 percent of its value in a short time, causing confusion.
Solana, which dropped to $8 in January, reached $126 as #BTC experienced a rising season. SOL, which is perhaps the cryptocurrency that has gone through this process the best, is now experiencing a correction.
The major coin, which fell to $ 103 as BTC relaxed to the 40,000 band, lost a total value of 19.24 percent. However, this decline also brought with it questions that there might be preparations before a sharp rise.
#Bitcoin , which rose to $44,500, managed this process with dominance. With the increase in dominance, there was a pressure on altcoins, making possible declines even more dangerous. BTC, which saw a sales wave after failing to rise above $43,500, hit $41,500, destroying SOL with both its price and dominance.
Looking at the current situation, the popular coin, which has given a correction of nearly 20 percent, is traded around $ 103. Unless there is a daily close above $105.78, declines to $93.50 and $88.42 can be observed for SOL. #BTC breaking the $43,500 level, loosening of dominance, or any positive news from the Solana ecosystem will light the fuse of SOL again. In such a scenario, we can witness a movement towards 112.14 – 128.39 – 137.47 and 143.68 dollars respectively.
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