Solana (SOL) experienced a dramatic selloff, echoing broader market fears stemming from a potential U.S. trade war. The price plunged over 19%, erasing weeks of growth and raising concerns over further volatility as bearish trends loom.
Top analyst Jelle noted Solana's complete retracement of the TRUMP meme coin pump, dropping to $175. Yet, he remains positive about Solana's future, emphasizing the importance of holding structural support for a potential recovery towards $300.
Solana trades at $199 after a brief bounce-back, but market sentiment is still wary. The upcoming days will be crucial, with focus on SOL regaining support levels like $220 to reverse the bearish trend.
Fonte: www.newsbtc.com ↗