Solana lost more than 8% per day

Cryptocurrency experts note that Solana SOL $255.02 Solana -0.82% Market capitalization $121.05 billion VOL. 24 hours $1.38 billion has recently dropped to $ 140 after a long period of decline. Nevertheless, many analysts expect this level to be supportive of a possible recovery. In recent weeks, the cryptocurrency market has experienced significant fluctuations, and Solana, one of the largest virtual coins by market capitalization, is no exception.

Experts note that $ 140 could become a critical support level for SOL, as this level is the most active demand from investors. If Solana can hold this level, there are chances of a rebound and price recovery in the near future. However, if this level is broken, SOL may continue to fall to lower levels.

The general market sentiment, as well as news and announcements that may affect investor confidence, play an important role in this situation. Traders and investors are closely monitoring developments to make the right decisions. Whether Solana will be able to regain its position depends on many factors, but experts emphasized that the current level of support will be key to further price movement.

According to the CoinMarketCap analytical tracker, at the time of writing, Anatoly Yakovenko’s native blockchain cryptocurrency is trading at $ 142 with a market capitalization of $ 66.6 billion, a regression of more than 8.2% over the day. Traders made $ 2.6 worth of daily trades. In general, the global market lost 4.3% of its value and currently stands at $ 2.05 trillion. The Fear and Greed Index is at a pessimistic 50 points.