Solana Price Falls Below Bearish Pattern – Is $161 the Next Stop? 📉
The Solana price has experienced a sharp decline of 8% over the last day, settling at $169 as the broader cryptocurrency market decreases by 3%. The altcoin is witnessing a downturn, marked by a 16.5% drop over the past week and a 38% plunge in the last month.
Market concerns are driving traders to unload Solana, particularly due to apprehensions surrounding the March 1 unlock involving FTX's estate, which might pave the way for more price drops.
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