Cryptocurrency Solana fell by 12% in a week, experts predict worse to come

After a stable price for two months, the Solana cryptocurrency has returned to a downward trend — over the past 7 days, the SOL token has fallen by 12.9%.

According to cryptocurrency analysts, if Solana fails to stay at $ 30, it will inevitably fall. At the time of writing, the cryptocurrency has already dropped to $ 29.64, so investors should prepare for further losses. The next key support level for SOL is $ 26.

In terms of daily trading volume, this figure continues to fall, as members of the crypto community do not show much interest in the digital asset. However, despite the fall of SOL and negative forecasts, there are investors who believe in the future of the token. For example, former Goldman Sachs executive Raul Pel believes that Solana can significantly outperform all other altcoins at the next stage of the market when it starts to grow. «I like Solana. Yes, I realize that the blockchain is constantly breaking down. But I also realize that everyone knows this, so there is no information advantage in this.»

It is precisely because of the project’s stability that Pel is confident in the future of SOL — he believes that the main threat to it could be a blockchain hack. If this does not happen, the analyst believes that Solana will show the greatest growth as soon as the market turns the other way and starts growing.