Solana (SOL) Price Drops Below $130 as Market Bears, Has It Bottom?

The price of Solana, the second-largest altcoin, has fallen in the past 24 hours amid the market decline. Despite gaining market attention as a memecoin, SOL has failed to price in the meme season over the past month. The altcoin has shown a bearish trend over the past 24 hours, briefly hitting a weekly low.

Moreover, Solana’s price has fallen by 3.19% over the past 24 hours. Late on July 4, the coin was trading at $130, hitting an intraday high of $135. However, as time went on, it showed a bearish candle chart and fell to a weekly low of $122.44. Meanwhile, its daily trading volume has increased by 47.49%. According to CMC data, Solana is trading at $129.60 at the time of writing.

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Will Solana price recover in the next few months?

According to market analysts, Solana is expected to experience more bearish trends in the coming months. The token is currently supported at the $129 level. If the bearish trend continues, it will fall further to the $126 support level. #美国6月非农数据高于预期 #德国政府转移比特币 #sol板块