'Full Irrational Panic' - Solana Drops To Lowest Since August Amid Crypto Plunge

Solana prices have plunged lately, causing the digital currency to trade down more than 80% from its all-time high. What caused the latest declines? Market experts offer their input.

Timeline of Solana

The Solana price analysis confirms a bearish trend as the market slides down to $65.55.The Solana price analysis is currently bearish as it continues its slide down from yesterday's high of $68.13. The market has found some support at the $64.02 level, but the $73.76 resistance is proving to be a formidable barrier to break.

This blockchain is developing fast, with SOL being widely used as a staking tool and a transaction fee.Tallinn, May 10, 2022 (GLOBE NEWSWIRE) -- Amid robust consumer demand, CoinLoan has extended its offering with Solana (SOL), one of the biggest cr...

As with the rest of the market, Solana fell terribly on 9 May and ended up reaching the same all-time high it was at in May 2021. However, the various ecosystem developments around Solana are trying to push the bearish narrative aside.

JetGovern offers a new way for borrow and lend participants to confidently participate in the best of DeFi NORTHAMPTON, Mass.--(BUSINESS WIRE)--Jet Protocol is an open source, non-custodial liquidity protocol on the Solana Blockchain pushing the envel...

The digital asset industry is evolving at a breakneck pace, and new trends are being formed as developers continue to explore the different use cases of blockchain technology. Crypto trends such as decentralized finance (DeFi), non-fungible tokens (NFTs), GameFi, Web3, and the Metaverse, have received massive attention, and investors are looking for ways to profit

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin reached lows that it had last traded at in July 2021, and Solana reached an area of demand from last August. Does that mean a relief rally is around the corner?

The Solana price analysis shows rising signs as the market shows massive upside potential. The bulls have regained their control of the Solana market, which will change the course of the market for the better, and SOL now expects the bullish period to take over in the next few days.

Amid robust consumer demand, CoinLoan has extended its offering with Solana (SOL), one of the biggest cryptocurrencies in terms of market capitalization. This blockchain is developing fast, with SOL being widely used as a staking tool and a transaction fee.

The Solana price analysis reveals SOL prices are currently testing the lowest price level this year 2022 as it hits the $70.06 mark. The bears have been in control of the market since the beginning of this month as they push prices down from the $109 high.

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