Solana (SOL) fell to the $130 price level earlier today. This marked the second instance of SOL falling to the $130 price level in the last few days. The popular crypto seems to have found some support at this price point. However, a dip below $130 could lead to the asset falling to the $100 mark.
The $130 price point is a crucial level for Solana (SOL). Dipping below $130 could pull the asset to around $100-$105, a level last traded at in April of this year. Dipping below $100 would spell serious trouble for Solana (SOL), a level the asset has not traded below since January of 2024.
Solana (SOL) slipped back to the $130 price level earlier today, marking the second time in recent days that SOL has tested that support. The move suggests some buyer interest at this threshold, but the risk of a deeper slide remains.
A drop below $130 could push SOL toward $100, with $100-$105 as possible targets, a level last traded in April. A fall below $100 would spell serious trouble for the token, which has not traded under that level since January 2024. If the $130 support holds, the near-term outlook could stabilize; otherwise, traders will prepare for further volatility toward downside targets.
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