Bitcoin News

Solana Rally Over? SOL Risks 2022-Like Correction As Price Erases Mid-Week Recovery

2 hours ago

As the broader crypto market retraces, Solana (SOL

As the broader crypto market retraces, Solana (SOL) has erased its recent gains despite strong institutional demand for investment products based on the cryptocurrency. Some analysts have now suggested that the altcoin risks a deeper pullback similar to its 2022 correction.

SOL shows early-stage Bear Market behavior in the monthly timeframe. Source: Rekt Capital

Solana’s performance in the one-week chart. Source: SOLUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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