Pro Charts: Crypto
Crypto Flush: Where Is Solana's Major Support
Updated: Apr 22, 2024 | Published: Apr 13, 2024
![Crypto Flush: Where Is Solana's Major Support](http://verifiedinvesting.com/cdn/shop/articles/SOL.USD.png?v=1713012188&width=1000)
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.