Solana (SOL) Could Crash 40% If It Stays Below $140 – Top Analyst Shares Insights

Quick Summary:

Solana (SOL) faces significant risk as the broader cryptocurrency market rebounds from local lows, yet SOL struggles to break above the crucial $140 resistance level.

Despite holding relatively well during Bitcoin’s and other altcoins’ earlier crashes, Solana’s current price action suggests that the risk of a correction is growing.  If SOL fails to break above $140 and align with the market’s recovery, it could face a steeper downturn.

This underperformance has raised concerns among investors, with many worried about Solana’s inability to keep up with the market’s recent surge.  Related Reading: XRP The Safest Investment To Make 100% ROI’ – Former Asset Manager Shares Price Targets Some analysts are even predicting a deep retrace to its yearly low of around $78 if the price continues to lag.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: SOL technical analysis SOLUSDT Solana Price Solana Solana ( SOL) Solana news SOL Price Sol Solana Bearish Solana price analysis Solana Crash

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 22:30:22 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22582327

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