#SOL Takes a Hit, Dropping 12% to $194 – A Significant Pullback!
$SOL has experienced a sharp decline of 11.26%, sliding to $194.70 after touching a 24-hour low of $194.50. The inability to hold above the $198.47 support level has intensified bearish pressure, with $190 emerging as the next critical level to watch.
Key Levels to Watch:
A recovery above the current range could push the price back toward $198 or higher.
Conversely, a breakdown below $194 might amplify losses, with $185 as the next target.
In this volatile market, traders are advised to use tight stop-losses and stick to well-defined targets to navigate the fluctuations effectively.