Solana Price Falls Below Bearish Pattern – Is $161 the Next Stop?

Description

The Solana price has dived by 8% in the past 24 hours, dropping to $169 as the cryptocurrency market falls by 3% today. SOL is now down by 16.5% in a week and by 38% in the past month, as traders offload the alt amid fears of the March 1 unlock, which will see FTX’s estate release $2.2 billion in the token. The coin has also declined by 42% from its current ATH of $293, with prices struggling amid a burgeoning tariff war and a loss of interest in meme tokens . Yet Solana’s fundamentals will prev...