Solana Price Plunges, EV2 Presale Attracts Investors

Solana’s price has dropped to $141, reflecting a broader market correction. The dip is likely attributed to the recent failure to hold above the $185-$190 range and investor interest shifting toward Funtico’s EV2 presale. This presale offers early access to gamers for a new Web3 gaming experience. Analysts point to Solana’s declining RSI (currently at 49.54) as indicating waning buying pressure, signaling a potential downturn. While the price has fallen below its recent highs, it remains above key support levels near $120-$130, potentially setting the stage for a sideways market in the coming months before any rebound. The broader Solana price could be affected by factors such as the upcoming EV2 presale, macroeconomic trends and increased competition from new blockchains.