Solana price likely to crash by another 15% as crypto markets nosedive
Solana price has seen a massive downward trend over the past week and things are likely to remain bearish. This bearish outlook is seen across all of the crypto markets as Bitcoin crashes. SOL is also likely to continue its descent until it finds a stable support level. Solana price has dropped roughly 38% over the past four days, breaching through the daily demand zone, extending from $115.51 to $144.70. This descent has also flipped the weekly support level at $135.71 into a resistance barrier. As Solana price hovers around $91.82, there is a good chance this downward trend will continue. SOL is likely to drop a minimum of 15% before it tags the daily demand zone, extending from $65.91 to $78.76. The 15% crash could extend to 26% when SOL retests the lower limit of the said demand zone. Here, Solana price is likely to see a pause in the bearish trend, as bears and bulls hash it out. Read more
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