After the crypto world saw the equivalent of a financial earthquake with Bitcoin‘s record-breaking liquidations, poor little Solana (SOL) was left quivering in the aftermath. π The coin, which is worth a cool $116 billion on paper (if you squint and believe really hard), took a nosedive, losing over 7 percent of its value in just a day. As of Monday, it was trading at a mere $194, which, if you’re keeping score at home, is a 33 percent drop from its January high of $293. Ouch. π
Now, for the part where we pretend we have any idea what’s coming next. Technical analysts, who are the fortune-tellers of the financial world, are predicting great things for Solana. π They’re saying it’s about to embark on an epic journey, assuming it doesn’t trip and fall below $191, in which case, it’s straight to $138 with no stops for ice cream. π¦
This is it! If #Solana $SOL fails to hold above $191, a drop to $138 could be imminent.
β Ali (@ali_charts) February 3, 2025
But hey, it’s not all doom and gloom. Solana’s network has become a cozy little home for decentralized finance (DeFi) projects, and its meme coin sector is thriving, thanks in no small part to the launch of Official Trump and Melania Meme coins. ππ And if you’re into numbers, Solana’s DEX volume was a whopping 300 percent higher than Ethereum‘s. Take that, Ethereum! π
So, will Solana soar like an eagle or crash and burn like a paper airplane? Stay tuned, folks. It’s going to be a bumpy ride. π’
Read More
- Death Stranding 2 smashes first gameβs Metacritic score as one of 2025βs best games
- Here Are All of Taylor Swiftβs Albums in Order of Release Date (2025 Update)
- Best Heavy Tanks in World of Tanks Blitz (2025)
- [FARM COSMETICS] Roblox Grow a Garden Codes (May 2025)
- CNY RUB PREDICTION
- List of iOS 26 iPhones: Which iPhones Are Supported?
- Delta Force Redeem Codes (January 2025)
- Gold Rate Forecast
- Overwatch 2 Season 17 start date and time
- Vitality Triumphs Over The MongolZ To Win The BLAST.tv Austin Major 2025
2025-02-03 18:44