Solana price could drop as low as $80 if the bulls fail to defend the last support level between $125 and $110, following its “death cross” on the charts.
Solana (SOL) price completed a “death cross” on the one-day chart on March 12, as the altcoin consolidated near its long-term support level at $125.
This could potentially accelerate the SOL price sell-off in the near term for a drop below $100 for the first time since February 2024.
Solana’s 1-day chart. Source: Cointelegraph/TradingView
