Solana Price Plummets Below Key Support, What’s Next?

Solana (SOL) has experienced a significant decline, plummeting below a crucial support level and dragging the broader crypto market into negative territory. The coin’s price dropped to $163.71 in recent hours, marking a 5.18% drop over the past 24 hours. This dramatic slide is fueled by Solana breaking below a key support level that analysts say signals a bearish trend. Crypto analyst Carl Moon highlighted this double top pattern, stating it signifies waning bullish strength and rising selling pressure. He predicts a potential drop towards $152.76 if Solana fails to rebound.