After the Federal Reserve's interest rate cut, will Solana's price fall below $200? 🔥🔥🔥

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The Federal Reserve's interest rate cut has led to a sell-off in the entire cryptocurrency market, putting Solana's price at risk of dropping below $200. Although SOL reached a three-month high, the sell-off triggered by the rate cut could lead to further declines.

Will Solana's price fall below $200?

After the Federal Reserve's interest rate cut, Solana's price trend is under scrutiny. Bitcoin has dropped significantly to around $101,000, and Solana's price is also on a downward trend, currently hovering in the $200-$220 range. Falling below $200 could indicate further correction.

Is now the time to buy SOL?

Solana's price has fallen below $210, raising questions about buying opportunities at lower prices. Other altcoins are also experiencing corrections, with a general sell-off in the market. The significant correction has sparked speculation about whether it is an overreaction, and experts indicate that the projects with the largest declines may present buying opportunities. Whale activity shows how big players influence asset flows.

SOL Technical Analysis:

The current price of SOL is $210, down 4% in the last 24 hours. The Relative Strength Index has entered a mildly bearish zone. If bearish pressure continues, Solana's price may fall below the $205 support level and even test the $180 mark. However, if the bulls take control, SOL could recover, with prices potentially rising to $263 and setting a new all-time high.

In an uncertain market, Solana's price is at a critical moment. Despite the bearish pressure, strong fundamentals and whale activity suggest that investors should keep a close eye on the $200 level for potential recovery opportunities.

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