Solana (SOL) Loses Key Support Amid 8% Drop, Risks Major Correction To This Level

Amid the market pullback, Solana (SOL) has hit a new local low after its price fell below a crucial support level for the first time in months. Some analysts have suggested that the altcoin is in a healthy retest of a key area, but others warned that the cryptocurrency risks another major correction if the current levels are also lost. Related Reading: Bitcoin Bull Run: Over Or Just Paused? CryptoQuant CEO Presents The Data Solana Risks 30% Correction On Monday, Solana recorded an 8. 3% drop after losing the lower boundary of its three-month range source: https://www.newsbtc.com/news/solana-loses-key-support-risks-major-correction/