Crypto expert warns: Danger awaiting Solana (SOL)!

Peter Brandt, known for his cryptocurrency analysis, warned that Solana (SOL) could fall to $ 80.

Solana, which had a good track record with the memecoin trend until a few weeks ago, is currently unable to show the same effect. The sharp increase in other Layer-1 coins and the flow of money to different ecosystems have virtually undermined SOL. With Bitcoin reaching $ 62,000, the popular altcoin, which has been pushing the $ 139 resistance, is facing heavy sales.

Peter Brandt, who follows two levels in particular on the Solana (SOL) chart, touched on a possible decline in the near future. According to the crypto expert, it is very important to follow $ 129 and $ 204 in order to expect sharp movements. If $ 204 is exceeded, a Solana bull like in 2021 can be expected again.

Brandt's support level is $129. As of the writing of the news, SOL, which has been changing hands at $138, is very close to this level. $BTC falling below $60,000, an increase in BTC dominance, or bad news about the Solana ecosystem could pull the $SOL SOL price below $129.

If $129 cannot be maintained as support, the famous analyst expects a drop to $80. SOL, which was last traded at $80 in January, will ring alarm bells if it falls to this level again. However, considering the current conditions of the market, a drop to $80 does not seem possible in the short term.

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