On April 1st, SOL traded above $200 but failed to breach its previous high, subsequently experiencing a decline.
#Solana's price witnessed a significant drop of over 37% from its new yearly peak.
Currently, #SOL is demonstrating bearish trading below $160 against the US Dollar, aligning with Bitcoin's trend.
Continued trading below the $125 support zone carries the potential for further losses for #SOL.
Completion of a specific pattern indicates a shift in long-term sentiment, with the price decline losing momentum and showing signs of recovery.
Maintaining support around $125 could indicate a potential upward movement towards the supply zone ranging from $150 to $210 levels.
However, failure to hold the $125 support level may prompt panic selling, potentially driving the price down to $100.
According to Coingabbar's analysis, #Solana price prediction 2030is predicted to reach approximately $700, while Solana price prediction 2040 with further potential for a surge to $1500
KEY LEVELS :
RESISTANCE LEVEL : $143-$155
SUPPORT LEVEL : $126-$115
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
