🚨 $SOL Crashes to 5-Month Low
Solana (SOL) has plunged to $140, erasing months of gains in just four weeks. Investor fear is rising, with Net Unrealized Profit and Loss (NUPL) data showing a surge in unrealized losses, leading to reduced participation in the Solana ecosystem.
📉 Investor Confidence Weakens
New Solana wallet addresses have dropped to a three-month low, signaling reduced market interest. The lack of new investors suggests weakened momentum, further limiting SOL’s ability to bounce back quickly.
⚖️ SOL Consolidates, but Risks Remain
Currently holding above $138 support, Solana is struggling after its fall from $168. If selling pressure persists, SOL could dip to $131, extending investor losses.
📈 Key Levels for Recovery
For a bullish turnaround, SOL must break above $168 and turn it into support. A successful move past this level would restore confidence and open the door for potential recovery.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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