Solana Price Forecast: 30% Decline Amid Market Volatility - Cryptolandoff

Solana Price Forecast: 30% Decline Amid Market Volatility

As a result of increased market volatility and whale sell-offs, Solana (SOL) falls 30%.

With increasing DeFi usage, Solana's fundamentals hold up well despite the steep drop.

Before a possible recovery, technical analysis indicates that SOL is challenging important support levels close to $95 levels.

On-chain data points to an increase in big transactions, which may indicate whale accumulation.

If market conditions settle down over the next few weeks, analysts believe SOL might rise back above $120.