NewsBTC
Feb 26, 2025

Solana Price Hits Five-Month Low Amid Market Correction

1 min

Solana (SOL) has experienced a significant price drop, reaching a five-month low amid ongoing market corrections. Key points include:

  • SOL fell 12% from $150 support, hitting $131.
  • Market sentiment for SOL is at a yearly low, the worst since early 2024 when it reclaimed $100.
  • Analysts noted fatigue in the community due to Solana-based memecoin scams.
  • After the Libra token crash, capital is rotating from Solana to Ethereum.
  • Jelle indicated SOL could face another 50% drop to $70 if key support levels around $130-$140 fail.
  • Upcoming token unlock on March 1st may influence SOL's price.
  • Current trading price is $141.36, down 45% over the past month.

solana

solana, SOL, SOLUSDT