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crypto.X

01/24 03:43

Solana did not have an easy week after the price t

Solana did not have an easy week after the price tested the $206 level as a resistance. Since then, SOL fell lower and closed the week with a 9% loss, which puts it in the same category as Cardano.

It is a bit surprising to see Solana show so much weakness when other altcoins like Bina Coin are doing much better despite the market turbulence. If buyers fail to show up, then the next key support level will be found at $164. Should the overall market stay bearish in the near term, then SOL is likely to revisit that level.

Looking ahead, Solana had a difficult time in January after it failed to sustain a price above $200. If this level is not reclaimed soon, then optimism around this cryptocurrency could suffer and see it trend lower until the key support is hit.
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