π¨ $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.
π 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 SOLβs ability to bounce back quickly.
βοΈ 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.
π 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.
β οΈ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.