Solana (SOL) Price Could Plummet to $115 if Key Support Breaks

IconCryptoNewsTerminal Staff13 Jun, 2024

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Solana (SOL) Price Could Plummet to $115 if Key Support Breaks

Solana (SOL) Price Analysis Solana (SOL) is facing a potential drop to $115 if it fails to hold the $140 level as support, according to popular pseudonymous cryptocurrency analyst CredibleCrypto, who has a substantial following on Twitter. The analyst believes that the most likely area for a bounce is around $140. However, if this level fails to hold, SOL could experience a significant decline. CredibleCrypto also noted that Bitcoin (BTC) is reaching the bottom of its range, which could provide some temporary support for Solana. However, he cautioned that Bitcoin needs to hold above $60,000 to prevent further downside risks. If Bitcoin drops below $60,000, it could trigger a sell-off in other cryptocurrencies, including Solana. Traders should keep an eye on the $140 support level for Solana. If this level breaks, it could lead to a sharp decline in the price.

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