Solana Price Prediction: SOL Plunges 8%, But This Solana Layer 2 Raises Over $22M In Presale
The Solana price dropped 8% in the last 24 hours to trade at $166.59 as of 3:35 a.m. EST on trading volume that surged 76% to $5.27 billion. The SOL price has seen an even greater drop in the last seven days, going down 20% from $205 to its current value. However, it is worth noting that Solana’s price drop is not isolated. The token followed Bitcoin’s performance, which also saw the world’s largest cryptocurrency drop and trade in the red, both on a daily and weekly chart. Solana Price Prediction Solana’s price has followed a certain pattern over the last 24 hours which saw it break multiple support levels one after the other. Its Bollinger Bands would see a widening whenever a new support broke, as the price drop pushed the lower band back down. However, that doesn’t mean that its price never went up to the upper band during that time. On the contrary, SOL did make several attempts to recover, but the current bearish market kept pushing it further and...