{"id":136954,"date":"2024-09-08T13:00:34","date_gmt":"2024-09-08T10:00:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136954"},"modified":"2024-09-08T00:54:02","modified_gmt":"2024-09-07T21:54:02","slug":"what-investors-need-to-know-about-solana-sol-right-now","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/what-investors-need-to-know-about-solana-sol-right-now\/","title":{"rendered":"What Investors Need to Know About Solana (SOL) Right Now"},"content":{"rendered":"<p>Since April, SOL has been trading within a parallel channel with a lower boundary at $126. Martinez warns that if Solana falls below this crucial level, the price could decline significantly, potentially dropping to around $90 in the short to medium term.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Something I forgot to mention is that a sustained close below the channel\u2019s lower boundary at $126 will trigger a significant <a href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Solana<\/a> price correction to $110 or even $90! <a href=\"https:\/\/t.co\/Lqfka0ubwo\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/Lqfka0ubwo<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1832069716837302277?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He highlighted this concern on Twitter, noting, \u201cA sustained close below $126 will trigger a major price correction to $110 or even $90!\u201d<\/p>\n<p>Currently, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a> <\/strong>has experienced a 6% decrease over the past week. The critical level to watch is the $126 support; failure to hold above this could lead to increased selling pressure and further price drops to $110 or $90.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/warren-buffetts-crypto-gift-from-justin-sun-surges-1000-in-value-by-2024\/\" title=\"Warren Buffett\u2019s Crypto Gift from Justin Sun Surges 1,000% in Value by 2024\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/warren-buffet-2-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Warren Buffett\u2019s Crypto Gift from Justin Sun Surges 1,000% in Value by 2024<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>On the other hand, if SOL rebounds from this support level, it could move towards the middle or upper boundaries of the channel, which are at $154 and $187, respectively.<\/p>\n<p>Despite the bearish outlook, there is potential for a rebound. Historically, SOL has shown a tendency to rally ahead of Solana\u2019s annual Breakpoint event, which gathers developers and enthusiasts. In 2021 and 2022, the price increased by 35%, and by 60% in 2023. With the next Breakpoint event approaching, investors are keenly observing whether this trend will continue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Ali Martinez has forecasted that Solana (SOL), the fifth-largest cryptocurrency by market cap, might be approaching a notable price correction.<\/p>\n","protected":false},"author":3,"featured_media":104222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-136954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Investors Need to Know About Solana (SOL) Right Now<\/title>\n<meta name=\"description\" content=\"Crypto analyst Ali 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