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Solana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon?

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Solana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon? - NewsBTC

Quick Summary:

Amid the ongoing retest, pseudonym trader Crypto Busy warned that SOL must "hold this crucial support to maintain a bullish sentiment above $100.” Crypto analyst Ali Martinez previously noted that the most crucial zone for Solana appears to be between $110 and $125, as this horizontal level served as a key support during its 2021 and 2024 rallies.

During this period, every higher high on Solana’s chart has created a rising trendline at the top of the pattern, while the $125 support has held "as a strong horizontal support trendline.” Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 – What’s Next For ETH?

Related Reading: Solana Falls Under Realized Price: Here’s What Happened Last Time Solana Loses Key Support Level Solana has been one of the leading cryptocurrencies of the cycle, fueled by the market’s memecoin frenzy.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 12:30:45 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 80 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26950066

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #102

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  • URL: https://chronographically.beamstart.com/news/solana-sol-retests-crucial-support-17418699486999

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