Despite Being Included in the U.S. Strategic Crypto Reserve, Solana (SOL) Price Plunges to Its Lowest Valuation Since December 2023

Solana (SOL) has encountered a turbulent period as its price plunges to $132, marking its lowest valuation since December 2023. Despite its inclusion in the U.S. Strategic Crypto Reserve

Solana (SOL) has encountered a turbulent period as its price plunges to $132, marking its lowest valuation since December 2023. Despite its inclusion in the U.S. Strategic Crypto Reserve and a 27% price surge last week, bearish trends have intensified, raising concerns among investors.

Solana Price Prediction: Bearish Pressures Mount Amid Economic Uncertainty

Solana’s Recent Price Movements

Solana’s price plummeted by 27% over the past week, erasing gains accumulated from a peak of $180. The sharp decline coincided with a broader crypto market downturn triggered by new tariff policies introduced by former U.S. President Donald Trump. The resulting $1 trillion sell-off across the cryptocurrency sector significantly impacted SOL, causing increased volatility.

Analysts have identified critical support and resistance levels that could dictate Solana’s next move. Currently, SOL is down 50% from its all-time high, with resistance forming at the $150 level. While some technical indicators suggest a potential stabilization above $113, prevailing macroeconomic uncertainties may delay any substantial recovery.

Key data points from TradingView reveal:

The data suggests that while short-term relief rallies are possible, overall sentiment remains bearish.

Solana price prediction: Key takeaways

Solana’s price recently dropped to its lowest point since December 2023, signaling persistent bearish trends despite a 27% gain last week.

Solana’s recovery will likely depend on external economic factors, regulatory clarity, and network improvements.

Tech giants like Apple and Microsoft saw significant stock declines, which could have implications for the broader market.

Solana’s inclusion in the U.S. Strategic Crypto Reserve aims to enhance national security by promoting the responsible use of digital assets.

Solana’s price movements are being closely monitored by investors as the crypto market faces new challenges.

Yeti Ouro (YETIO) continues to defy market trends, advancing through presale stage 3, selling over 204 million tokens, and delivering an impressive 100% return for early backers from Stage 1.

As Solana grapples with macroeconomic pressures, YETIO’s fusion of gaming and deflationary tokenomics positions it as a potential hedge against market volatility. Let’s explore the latest developments impacting both assets and their future outlook.

Solana’s Recent Price Movements

Solana’s price plummeted by 27% over the past week, erasing gains accumulated from a peak of $180. The sharp decline coincided with a broader crypto market downturn triggered by new tariff policies introduced by former U.S. President Donald Trump. The resulting $1 trillion sell-off across the cryptocurrency sector significantly impacted SOL, causing increased volatility.

Analysts at TradingView.com have identified critical support and resistance levels that could dictate Solana’s next move. Currently, SOL is down 50% from its all-time high, with resistance forming at the $150 level. While some technical indicators suggest a potential stabilization above $113, prevailing macroeconomic uncertainties may delay any substantial recovery.

Key data points from TradingView.com at the time of writing:

Solana price is down 27% over the past week.

The relative strength index (RSI) on the 4-hour chart suggests that the downswing may be nearing an end.

Solana is trading at Fib.0.382 at $132.

The Stochastic Oscillator has crossed above the 20 level, indicating a potential bullish bias.

Solana price prediction: What to expect next

The data suggests that while short-term relief rallies are possible, overall sentiment remains bearish.

Solana’s recovery will likely depend on external economic factors, regulatory clarity, and network improvements.

Tech giants like Apple and Microsoft saw significant stock declines on Tuesday, which could have implications for the broader market.

Solana’s inclusion in the U.S. Strategic Crypto Reserve aims to enhance national security by promoting the responsible use of digital assets.

Solana’s price movements are being closely monitored by investors as the crypto market faces new challenges.

Yeti Ouro (YETIO) continues to defy market trends, advancing through presale stage 3, selling over 204 million tokens, and delivering an impressive 100% return for early backers from Stage 1.

As Solana (SOL) grapples with macroeconomic pressures, another token, Yeti Ouro (YETIO), is surging in demand during its presale.

Solana (SOL) has encountered a turbulent period as its price plunges to $132, marking its lowest valuation since December 2023. Despite its inclusion in the U.S. Strategic Crypto Reserve and a 27% price surge last week, bearish trends have intensified, raising concerns among investors.

However, in a surprising turn