Solana Price Prediction: SOL Plunges 12% In A Week As This New Layer-2 Meme Coin Presale Races Towards $4 Million
The Solana price is down more than 12% over the last week following a more than 4% drop in the last 24 hours to trade at $197.93 as of 10:12 p.m. EST as traders short the altcoin. The 24-hour pullback in the SOL price coincided with a broader market correction. Throughout the past trading day, the digital asset market cap dropped more than 3%, with market leaders Bitcoin (BTC) and Ethereum (ETH) falling more than 3% and 5%, respectively. Solana Price Trying To Break The $198.64 Resistance 4-hour chart for SOL/USD (Source: GeckoTerminal ) The Solana price rebounded from the $186.51 support level in the last few hours, according to GeckoTerminal data. As a result, the crypto is now attempting to break above the technical barrier at $198.64. Should it close a 4-hour candle above this threshold within the next 12 hours, the altcoin might have the necessary foundation to rise to as high as $210.77 in the short term. On the other hand, a rejection by the $198.64 resistance could be fo...