Solana ($SOL) has dropped below the crucial $100 support level, raising concerns about further declines. The cryptocurrency is now eyeing the $50 support zone as the next key level to watch. This move comes amid Bitcoin's ongoing struggles to stabilize, which have exerted pressure on altcoins like Solana.
The breach of the $100 level highlights Solana's vulnerability in the current market conditions. Traders are now focusing on the $50 support zone, which could determine Solana's next price movement. If this level fails to hold, it may lead to deeper losses. The broader market's uncertainty, driven by Bitcoin's instability, continues to impact Solana's price trajectory.
Solana Falls Below $100, Eyes $50 as Critical Support
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