🚨SOL is in danger!
Solana's price plummeted, can it still hold the $130 line? 😱
📉 Solana, the former "crypto bully", fell from the clouds to the bottom in a short period of time!
The price fell below the 45-day low, which is really "a waterfall falling three thousand feet"! 💔
🤔 Remember that brief moment of glory? On June 16, SOL rebounded to a high of $151, but in a blink of an eye, it suffered a 24% "bloodbath"! This drop is more severe than the 14% of the total market value of cryptocurrencies in the same period! 💥
🔍 The sluggish on-chain trading activities and weak demand for leveraged positions indicate that Solana's "bearish" momentum may continue. Are we really going to witness the "historic" moment when SOL falls below $130 or even lower? 😱
🤷♂️ Not only that, the strong performance of the S&P 500, the rise of technology stocks, and investors' optimistic expectations of the Fed's rate cuts have put unprecedented pressure on the cryptocurrency market. Especially altcoins like SOL are under great risk. After all, in this blockchain field focused on smart contracts, competition is extremely fierce! 💪
😮 It is worth mentioning that even Arthur Hayes, co-founder and former CEO of BitMEX, predicted that Solana may not be able to become the leader of the top DApps network in the next one to three years. It seems that SOL's "future is worrying"! 😢
🔥 But then again, the market is always full of variables. Maybe at some inadvertent moment, SOL can stage a "Jedi counterattack" drama? After all, in the world of cryptocurrency, everything is possible! 🚀
Come and leave a message to discuss! Do you think SOL can hold the $130 line? Or will it plummet? 👇👇👇
