Solana Loses Long-Term Support Level – Analyst Shares Insights
Solana is trading at its lowest levels since September 2024, with extreme fear and selling pressure dominating the market. Since breaking its all-time high in January, SOL has retraced over 55%, leaving bulls struggling to regain momentum. The broader crypto market is facing a period of uncertainty, and Solana has been one of the hardest-hit altcoins in recent weeks.
Price Struggles To Hold $140
Solana is trading at $139 after a brutal selloff that saw the price drop over 22% since Sunday. The entire crypto market has been hit with extreme selling pressure, but SOL continues to struggle more than other altcoins. Bearish momentum remains strong, and bulls are finding it difficult to establish a clear support zone.
