🌊 Solana Falls 4.02%: Reasons Behind the $SOL Macro Pressure
The SOL/USDT pair fell by 4.02% in the past 24 hours, reaching $130.96. This decline is influenced by two main factors:
* Macro Challenges: The expected advantage from the recent Fed rate reduction has dissipated, and increasing global tightening (such as the probable rate increase in Japan) is constraining liquidity from high-beta assets such as $SOL.
* Technical Breakdown: Solana couldn't surpass crucial resistance near $145, resulting in profit-taking.
The present price is precariously examining the important $130–$132 support zone. A drop beneath this support aligns with the overall bearish Q1 perspective, indicating a possible shift toward $120. Although long-term fundamentals (Coinbase Base integration, ETF interest) are robust, a cautious approach is recommended in the short term.
#SOL #Solana #CryptoAdjustment #MacroThreat #ShortTermWarning
📈 Important Level:
* $130.00 (Must maintain to avoid further decline)
