Solana Under Pressure: Will SOL Price Crash to $125?

Solana (SOL) is facing a pugnacious time, and things aren’t looking great. Experts accidental that if it breaks cardinal enactment levels, the terms could driblet to $125. Not agelong ago, SOL was cruising supra $250, but present it’s struggling to enactment stable.

SOL has dropped to $169.19, down 4.69% successful the past 24 hours. It has slipped beneath the important $170 enactment level, a worrying motion for investors. After dropping this much, SOL has yet risen to $172.

Adding to the pressure, FTX’s bankruptcy proceedings volition soon merchandise 11.2 cardinal SOL (about $9.7 cardinal worth) into the market, expanding selling unit astatine a clip erstwhile request is already weak.

On apical of that, different $1.6 cardinal worthy of SOL is acceptable to unlock successful March, further expanding downside risks if request fails to support up. If buyers don’t measurement up, it’s going to beryllium a unsmooth ride.

From a method perspective, things aren’t looking overmuch better. SOL is stuck successful a downward channel, meaning sellers are inactive successful control. The adjacent large enactment level is $160, and if it holds, there’s a accidental for a rebound to $180–$185. But if it breaks, the $150–$155 scope could travel into play. A descent to $125–$130, which is simply a historically beardown enactment zone, but besides a achy driblet from existent levels.

Investor assurance isn’t conscionable shaken by the terms drop, caller scams similar $LIBRA, $TRUMP, and $MELANIA rug pulls person lone made things worse. With spot successful the ecosystem taking a hit, traders are being much cautious, and that uncertainty is intelligibly reflected successful the market.

If buyers commencement showing involvement astir $160, Solana could rebound to $180 oregon adjacent higher. But if selling unit keeps up and it drops beneath $160, we mightiness beryllium looking astatine a autumn to $125. With large token unlocks coming up and marketplace sentiment already shaky, everyone’s watching to spot if Solana tin clasp its crushed oregon if much losses are connected the way.

Also Read: Solana (SOL) Drops 15% arsenic LIBRA Meme Coin Wipes Billions