Solana Price Drops Below $130, Is $120 the Next Stop?

Solana (SOL) has experienced a sharp decline below the crucial $130 support level, currently trading around $124.48. This drop comes with high trading volume exceeding $6.18 billion over the past 24 hours, and is contributing to a roughly 10% daily loss and more than 5% weekly decline. The price now rests near the key support zone between $120 and $125, a level that has previously served as a buffer during market downturns.