$SOL
📊 Will Solana Crash Below $90 This Week? 📊
Top crypto market analyst Jason Pizzino has stated that Solana price will likely crash below $90 this week. In his analysis, Pizzino noted that SOL is on the verge of a major correction like all top altcoins.
Given that Solana has already dropped below $100 for the first time in twelve months, the analyst observed that the next target was $80. Hitting this level could then spark a crash below $60. Such a dip will represent an over 80% decline.
Besides the bearish Solana price prediction by analysts, SOL is also headed for massive unlocks this week. Per Tokenomist, Solana will record 465,000 SOL unlocks, valued at more than $50M this week, which will trigger additional selling pressure.
Meanwhile, the crypto fear and greed index has plummeted to a monthly low of 23, indicating that most traders are in a state of extreme fear. This further supports the bearish outlook, as it might precede an unwillingness by traders to buy the current dip. This data indicates that Solana price can drop below $90 this week.
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