Solana (SOL) Price Drops by 35.61% in a Single Month

The reddish behavior of the coin in the recent time suggests that the coin may fall below the level of $100.

The price of Solana (SOL) has been steadily decreasing, and in the span of a single month, the coin's value has dropped by 35.61%. Since February 2024, SOL has touched some of the lowest levels of the year. The reddish behavior of the coin in the recent time suggests that the coin may fall below the level of $100.

Solana (SOL) Price Tag

At the time of writing, the price value of Solana (SOL) is standing at $124.79 with a change of +0.51% in 24 hours.

The day started at the price of $124.79 and it is still revolving around this figure. As we can see in the chart below, the price jumped toward the resistance level of $127.74 but it couldn’t hold on there and fell back right after one hour. This means that the coin is struggling to cross its first resistance level.

In the last 24 hours, the price value of SOL has shown a positive change of +0.76% which means that it has been oscillating around the same price range. However, it has also shown signs of slight bullish behavior at some places as it tried to surpass the figure of $130 yesterday.

Solana’s Support and Resistance Levels

The first resistance level for SOL is $127.74. The Second and third resistance levels for SOL are $134.65 and $139.23 respectively.

While on the other hand, the first, second, and third support levels for Solana are $120.9, $117.63 and $113.71 respectively.

Solana (SOL) Price Prediction

If we look at the current behavior of the Solana, the price is stuck below its first resistance level but it currently shows slight upward trajectory. If it continues to gradually rise, Solana (SOL) could soon its test its next resistance level. Otherwise, in the case of a decline it might decline to the immediate support level of $120.9. Hence, the community is bullish hoping the coin would break its key resistance level of 127.74 and reach its new highs.