Solana Price Risks Steeper Drop As Long-Term Support Breaks And Validator Count Shrinks
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- SOL has fallen about 40% from the failed “Uptober” rally to trade near $154 after breaking its multi-year rising trend.
- Analysts say the breakdown leaves Solana exposed to a test of the $147 to $130 support band if altcoins keep losing ground to Bitcoin.
- The network is still running, but community data shows active validators have fallen by roughly 60% in two years, adding to bearish sentiment.
Solana is trading in correction mode after September’s fourth rejection from the long-standing $255 resistance zone.
Solana Breaks Long Support After ‘Uptober’ Miss
The altcoin has since lost about 40% and was changing hands near $154, confirming a break below its multi-year rising logarithmic support line on the weekly chart.
The move leaves SOL more vulnerable to further selling, especially while the market is pricing in more dominance from Bitcoin.
R…
Read The Full Article Solana Price Risks Steeper Drop As Long-Term Support Breaks And Validator Count Shrinks On Coin Edition.
In This News
Coins
$ 91.26K
+1.96%
$ 0.00...361
$ 135.52
+2.27%
$ 0.001
$ 1.09
Share:
In This News
Coins
$ 91.26K
+1.96%$ 0.00...361
$ 135.52
+2.27%$ 0.001
$ 1.09
Share:
Read More
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Solana Price Risks Steeper Drop As Long-Term Support Breaks And Validator Count Shrinks
Share:
- SOL has fallen about 40% from the failed “Uptober” rally to trade near $154 after breaking its multi-year rising trend.
- Analysts say the breakdown leaves Solana exposed to a test of the $147 to $130 support band if altcoins keep losing ground to Bitcoin.
- The network is still running, but community data shows active validators have fallen by roughly 60% in two years, adding to bearish sentiment.
Solana is trading in correction mode after September’s fourth rejection from the long-standing $255 resistance zone.
Solana Breaks Long Support After ‘Uptober’ Miss
The altcoin has since lost about 40% and was changing hands near $154, confirming a break below its multi-year rising logarithmic support line on the weekly chart.
The move leaves SOL more vulnerable to further selling, especially while the market is pricing in more dominance from Bitcoin.
R…
Read The Full Article Solana Price Risks Steeper Drop As Long-Term Support Breaks And Validator Count Shrinks On Coin Edition.
In This News
Coins
$ 91.26K
+1.96%$ 0.00...361
$ 135.52
+2.27%$ 0.001
$ 1.09
Share:
In This News
Coins
$ 91.26K
+1.96%$ 0.00...361
$ 135.52
+2.27%$ 0.001
$ 1.09
Share:
Read More
Terra Classic Price Prediction: Social Hype Fuels LUNC Rally As Market Questions Longevity