$SOL

#SolanaMajor Crash: 40% Drop in Just 30 Days

Solana ($sol) once took a dramatic turn, leaving many investors concerned. At the beginning of January, Solana was trading at an impressive $296, riding a wave of optimism. Fast forward to February, and it is now trading at just $196.54, representing a staggering 40% drop in just 30 days.

What’s Behind This Pullback?$SOL

1. Market Correction:

After its rapid rise in December, Solana’s price faced strong resistance and entered a cooling phase, typical of overbought rallies.

2. Investor Sentiment:

The broader uncertainty in the crypto market, coupled with profit-taking by large holders, has added pressure to Solana’s price.

3. Network Concerns:

Issues with network performance and scalability have raised doubts about Solana’s long-term potential, causing some investors to shift focus to competing projects.

Key Levels to Watch:$SOL

Immediate Support: $175 – This is a critical area that Solana must hold to avoid further declines.

Resistance: $215 – A break above this level could signal the start of a recovery.

What’s Next for Solana?

Although the recent decline has been steep, Solana remains one of the most innovative blockchain projects. #Solan