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BTC $68,327 −4.33%ETH $1,931.96 −4.25%SOL $78.20 −4.23%XRP $1.01 −2.97%BNB $630.72 −4.08%DOGE $0.0646 −2.91%Prices: CoinGecko,
Altcoins & DeFi

Solana Price Drop Below Its 200-Day Average Points to a 10% Fall Toward $75

Image: Crypto Daily

Three Things to Know Solana has lost roughly a quarter of its value in a month as spot ETF buyers pull back. SOL now trades under both its 50-day and 200-day averages, with sellers firmly leading the trend. A support zone near $74 is the floor that could decide whether the slide deepens. Solana's slide deepened this week, and the token has now broken under its long-term trend line. Recent ETF outflows and a wave of forced liquidations added fuel to the drop. That break matters because SOL has fallen faster than bitcoin and ether, leaving it exposed if selling continues. Momentum gauges show the token deeply oversold. Traders now want to know whether buyers will defend the next floor or let it give way.

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