Solana's price experienced a sharp 10% drop following a widespread crash in the cryptocurrency market, breaching the crucial $200 support level. This decline led to significant liquidations within Solana's ecosystem, reflecting a broader bearish trend across the crypto sector.
In the last 24 hours, major cryptocurrencies have faced intense selling pressure, causing them to fall past crucial support zones. Bitcoin, a leading cryptocurrency, mirrored this decline as it slipped below key thresholds amidst the market downturn. The repercussions for Solana and other major tokens indicate a challenging period ahead in the crypto market.
