With Bitcoin (BTC) falling below the $62,000 mark, the entire cryptocurrency market faced substantial selling pressure. This bearish market sentiment significantly affected Solana (SOL), causing it to break its two-day consolidation around the crucial $160 level.
The breakdown from this consolidation period has shifted the overall sentiment toward Solana. Traders are now keenly observing the $140 level, as they speculate on its potential movements and implications for future price trends in the cryptocurrency market.
