#SOL's Failed Breakout: Will We See Prices Plummet Below $100?
SOL's attempt to break through and create a new all-time high has dramatically failed, not even coming close to its previous peak. With the lack of investment and serious adoption of SOL, particularly as many countries still ban crypto investment and trading, expecting sustainable moves in the near future is challenging.
The patience of some traders and investors is vanishing, and they may soon start liquidating their positions to avoid potential losses and wait for better opportunities. This will likely trigger a massive drop in the crypto market to unexpected levels, affecting not only SOL but most crypto assets.
Don't be surprised to see SOL at or below $100, and it would be really difficult to build momentum again from such a position.
Financial Disclaimer:
The information provided in this post is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and carry significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
