SOL price forecast turns bearish, brace for potential plunge to $30 or lower
Solana (SOL) has become a significant player in the dynamic cryptocurrency world, exhibiting a significant upward trend and delivering substantial gains. While the SOL price has seen a minor correction of 24% in the past 3.6 hours, the blockchain platform’s native token has seen a significant rise of 24% over the past 43 days.
However, the sustainability of these gains may be in jeopardy, as following last year's impressive 346% surge, SOL price appears poised for a sharp decline and a deep correction.
Currently, SOL is trading at $58, with the next support level at $55, which will be key to the coin’s prospects.
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