Solana Experiences 21% Price Drop, Trading Around $98.09
Solana has experienced a significant decline, falling nearly 22% to approximately $98.09. This drop raises concerns about a potential larger breakdown as sellers dominate the market.
Key points include:
- Current trading at $98.09, down 21.84% from the previous close
- High volatility with a daily range between $120.07 and $98.06
- Market capitalization around $51.15 billion and 24-hour trading volume of $5.17 billion
- Critical support breached at the $100 psychological level
- Next support zone is around $79.25; a break below may lead to further declines towards $58.25
The recent bearish sentiment reflects a broader trend in the cryptocurrency market amid global economic uncertainties. Investors should monitor Solana's price action for stabilization signs or continued downward pressure.
