What is happening with SOL?

[kenyamoja]

SOL has been under heavy pressure lately but crypto moves fast I'm staying patient and watching key support before making any decisions

 

[Tecape]

Yah whole crypto is frustrating right now. I think if Btc drops more, under 60k, the whole market will dump. No advice from me. Just my opinion.

 

[homura]

PF volume dropped to an ATL, meaning the on chain volume of SOL dropped together with it. The whole chain was basically held up by meme coin trading degens.

 

[RIA 377]

No one knows where the exact bottom is. If the market stays weak, SOL could fall further, but I don't try to catch the bottom. I'm more focused on the project's long-term potential.

 

[Bighomie827]

SOL is down 74% from ATH, I don't think it'll recover from here.

Wars, price of gas, groceries, etc.. Is causing people to not buy SOL.

People need to buy SOL for it to go up.

When people sell SOL to pay for gas, groceries, rent, etc --> price will continue to drop.

Short & profit from here maybe

 

[joliviere]

Hard to predict the bottom in crypto Market sentiment and overall conditions will probably decide where it goes next

 

[Rental]

The market continued to decline sharply today, but it still hasn’t fallen below its key support level. Hopefully, the crypto market will show signs of improvement in the near future.

 

[imccafey]

It's $73.99 now, so it seems to have recovered some. Hard to say where the floor is for these things. If I knew where the bottom was, I'd probably be making money trading instead of posting on here, haha. Stocks used to be my game but crypto isn't exactly the same as. Apples and oranges, you know.

 

[zenso]

Memecoin volume dropped heavily on PF and the onchain volume dropped along with it - same with price.

 

[metropolweb]

Attracting attention to SOL tokens remains relevant today as well as the whole blockchain sphere.

 

[Atervaga]

I see an opportunity with SOL right now. The price could double before the end of the year.

 

[botica]

SOLs on chain volume plummeted due to overal market sentiment not being that positive, it Laos heavily relied on memecoin trading which is now also not as popular as it was about a year ago.

 

[TiKa Agency]

No one can know for sure whether SOL has already bottomed. If the market remains weak, it could still fall to $60 or even lower. The key is to manage risk instead of trying to predict the exact bottom.

 

[1SEOWarrior]

Hard to predict the bottom in crypto Market sentiment and overall conditions will probably decide where it goes next

I think 61 was the bottom. It won't reach to that again. I wish.

 

[Nexora SEO]

SOL has recovered well over the past few days. If the market keeps gaining momentum, I believe SOL could climb back to its previous price levels.

 

[Arifulbros]

Price action gets most of the attention, but I also like watching network activity and developer progress during market downturns. Those factors often give a better long-term picture than short-term price movements.

 

[Lighter fight]

No one really knows where the bottom is, If SOL holds around these levels it could recover but if the overall crypto market stays weak there could still be more downside I am just watching the market before making any big moves

 

[sibolang8]

I think its right time to buy sol for long term basis it will go up for sure

 

[betashi]

It’s going stagnant, pretty much like every other altcoin during a bear cycle. When volume starts picking up it’ll most likely gain back a bit of traction.

 

[Digitechz]

In my opinion, SOL is likely to continue declining significantly. I think the current $69 level could end up being its peak for a long time to come.