Solana predicted a 28% drop in the near future

The Solana cryptocurrency, created by Ukrainian developer Anatoliy Yakovenko, is showing a significant drop. Its value dropped by more than 18% in a week, and cryptocurrency analysts predict that SOL will fall by another 28% in the near future.

Solana began to lose value, dropping below $ 150 and $ 142. The price of the cryptocurrency fell to $ 128, and now it is trying to recover, but it looks unlikely at this point, experts say.

At the moment, the hourly chart of the SOL/USD pair shows a downtrend with a resistance level of $ 134. A breakout of this level and the next resistance level at $ 138 could give the pair a chance to recover. However, if the price fails to break through the $ 134 and $ 138 levels, we can expect further declines.

The current market situation indicates that further losses are likely. The main support for Solana is currently at $ 128. If this level is not held, the next important support level is at $ 122. A breakout of this level could lead to a further drop to $ 115 or even $ 100.