Solana risks falling to $ 110

Analysts warn that Solana SOL $121.63 Binance-Peg SOL -2.07% Market capitalization $0.13 billion VOL. 24 hours $0.3 billion could be at risk of a new bearish decline as the market shows signs of weakening. After several weeks of fluctuations, the cryptocurrency failed to stay above key support levels, which caused concern among traders.

According to experts, Solana is facing increasing pressure from sellers, especially after several unsuccessful attempts to break out. Current charts show that SOL’s price could fall below $ 120 if there is no quick recovery in trading activity.

Key technical indicators signal the possible formation of a new downward momentum. In particular, analysts are pointing to a decline in trading volumes and a breakout of the medium-term support line, which could pave the way for a further decline. If the market fails to find stability above the $ 135 level, the next support zone is expected to be in the range of $ 110-$ 115.

Despite the pessimism, some traders see the current decline as an opportunity for long-term investment. In their opinion, Solana’s fundamentals — transaction speed, scalability, and active project ecosystem — remain strong.

However, the market is in a phase of increased volatility, and experts advise investors to be cautious. The further movement of the SOL price will depend on the overall dynamics of the crypto market and the behavior of large players who are currently refraining from making significant purchases.