Solana (SOL)
Solana, one of the top 10 cryptocurrencies, tumbled with the rest of the crypto market. It fell below $200, sparking concerns among investors and holders—the outrage was loudest on X.
As of press time, the Solana price hovers around $195, a 13% decline on the weekly charts. Failure to hold the current support might push Solana (SOL) toward $160. However, indicators like the 200-EMA and 200-SMA are bullish signals, suggesting a bounce is underway.
At the same time, analysts are optimistic about a complete bullish reversal. Crypto analyst Thestevemontano discussed how patience will be rewarded, highlighting a jump toward $588. Crypto_Scient, another top expert, suggests now is a good time to buy as they predicted a rally above $500 by 2025. While SOL is a good crypto investment.
