Solana Faces Intense Selling Pressure Amid Meme Coin Decline
- Solana is trading at $173, its lowest level since November 2024.
- The price has erased gains from the post-election rally.
- Speculative meme coin activity initially boosted Solana’s ecosystem.
- A potential relief move was signaled as SOL closed above previous lows.
- A reclaim of the $185 level is crucial for recovery and momentum shift.
Solana’s price struggles amid a downturn in the altcoin market, with the current trading value at $173. A critical resistance level to watch is $185, which could signal a recovery if reclaimed.
Source (2.6)https://www.newsbtc.com/news/solana/solana-sweeps-lows-but-recovers-can-bulls-reclaim-185-by-friday/?rand=52377
