Solana (SOL) is experiencing a challenging period with mild gains of only 0.4% over the last 24 hours. Traders are keenly observing SOL's ability to maintain its position above a critical support level, considered significant for future price movements.
Over the last week, SOL, the token native to the second-largest smart contract platform, has seen a decline of 9.2%. This recent price performance is raising concerns among traders and analysts about its potential to rebound to $200.
The post discussing these developments in the SOL market appeared on Cryptonews.