Crypto Flush: Where Is Solana's Major Support
Published At: Apr 13, 2024 by
Gareth Soloway
Crypto dropped sharply in the past few days. Bitcoin fell into its $66,500 support but many altcoins dropped massively. Solana is trading near $150, 30% off its recent highs. This contrasts with Bitcoin, just over 10% off its all-time high.
If Solana continues to drop, look for the next major support to be between $125 and $130. There are multiple technical trend lines from major pivots that are converging in that range.
Continue to be aware that crypto is a risk asset. If the stock market continues to fall, crypto will likely fall as well.
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