Solana Price Prediction: SOL Drops 4% As This New Layer-2 Meme Coin ICO Surpasses $5.8 Million
The Solana price dropped more than 4% in the last 24 hours to trade at $188.45 as of 9:53 p.m. EST as investors decrease their exposure to the altcoin. With this recent drop in the SOL price, the altcoin has nudged its weekly and monthly performances deeper into the red zone. Solana Price Resting On A Support Level 4-hour chart for SOL/USD (Source: GeckoTerminal) The Solana price is resting on a support at $187.35 following a rejection from a resistance at $198.38 in the last 48 hours, according to GeckoTerminal data . Should the altcoin fall below $187.35 within the next 12 hours, it could be at risk of plunging to the next technical safety net at $174.47. However, the Solana price maintaining a position above $187.35 for the next 12 hours could bring an end to the crypto’s price drop. In this more bullish case, SOL might try to break above the aforementioned $198.38 resistance level again. A successful breach of this barrier could then give the Solana price the fou...