Solana (SOL) has recently experienced some weakness, with its price slipping below $130 and underperforming the broader crypto market. This decline comes amid "extreme fear" across digital assets and technical rejections at key Fibonacci and moving average levels.🎰🎰🎰
There have been reports of SOL testing critical support levels.
Despite recent dips, the Solana price has shown signs of recovery, with some reports indicating an uptick to approach the $126 mark.
Some analysts predict a bullish future for Solana, with one suggesting SOL could reach $2,500.
Network and Technical Developments:
The Solana network has seen a sharp decline in active validators, down to around 800 from over 2,500 in 2023, raising concerns about network decentralization
SOLUSDT
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124.09
-1.24%
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