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“Solana’s Crucial Crossroads: Will It Plunge Below $130 or Soar Past $200?”

"Solana's Crucial Crossroads: Will It Plunge Below $130 or Soar Past $200?"

As Solana (SOL) takes us on yet another wild ride, one can’t help but wonder: is this the start of a sudden trend, or just another blip on our radar? After a 12% retrace from its recent highs, Solana has dropped into a crucial price zone that has some analysts feeling bullish, while others can’t shake the feeling that this upward momentum could be hanging by a thread. With recent market dips and the impending impact of political events—yes, we’re talking about Trump’s inauguration—there’s a palpable tension in the air for crypto enthusiasts. Will Solana reclaim its footing, or are we on the brink of a deeper downturn? Let’s dive into the intricacies of this situation and unpack what the experts are predicting. LEARN MORE


Este artículo también está disponible en español.

Solana (SOL) has seen a 12% retrace from the Monday high, falling to a crucial zone in the last 24 hours. Some analysts remain bullish ahead of Trump’s inauguration, while others have warned that the cryptocurrency’s bullish momentum could be in danger if the current levels are lost.

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Solana Holds Key Support Zone

Amid the market retrace, Solana has also lost its New Year highs, falling to its lowest price since the late December retrace. On Monday, SOL registered a 17.3% increase from its yearly opening after retesting the $220 mark.

However, its bullish momentum was halted after Bitcoin’s price dropped nearly 8% in 24 hours. After hovering between the $190-$199 prince zone, Solana fell below the zone’s lower range, dropping to its current low of $182 on Thursday.

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