Is the price of SOL coin facing a major collapse? Why is Solana falling? It may plunge to the support below $127｜Cryptonews

Amid ongoing market uncertainty, SOL prices failed to stay above their important support levels, resulting in a major price crash this month, with Solana's price dropping 15% in 24 hours and trading volume of $7 billion . In addition, the altcoin has fallen 13.27% in the past week, 36.87% in 30 days, with a year-to-date return of negative 18.21%, and Solana's market capitalization is currently $77.056 billion. The current simple moving average (SMA), which continues to act as a resistance to the Solana price chart, suggests that the token's selling pressure has increased while the buying pressure has weakened in the cryptocurrency market. 00:00 SOL price failed to maintain above its important support level 00:31 Solana token selling pressure increased while buying pressure weakened 01:12 Solana was affected by the scandal of Argentina President Javier Milei last week 02:00 Now market sentiment turns to insurance Mainly 02:40 Best Wallet adopts a hostless design 03:24 BEST tokens raised over $10 million in the pre-sale phase 🛸Solaxy👉 https://cryptoforall.care/b_cnytSolaxy 🐂BTC bull👉 https://cryptoforall.care /b_cnytbitcoinbull 💡Mind of Pepe👉 https://cryptoforall.care/b_cnytMindofPepe 👛BestWallet 👉 https://cryptoforall.care/b_cnytbestwalletapp 📈Meme Index 👉 https://cryptoforall.care/b_cnytmemeindex 🙀Catslap 👉 https://cryptoforall.care/box_3666ebef8c03738499d75238f2fe45cf 🎲2024 The best crypto entertainment venue 👉 https://linktr.ee/iamnotgog 💥2025 major cryptocurrency price forecast 👉 https://www.youtube.com/playlist?list=PLEXG9aLZ2BKe5qIXGjAEmjlpeFo2TTCYb 👛2025 Best Wallet👉 https://www.youtube.com/playlist?list=PLEXG9aLZ2BKdsV75puDTzyNo4213Y_6OM ₿ Bitcoin related video 👉 https://www.youtube.com/playlist?list=PLEXG9aLZ2BKdsV75puDTzyNo4213Y_6OM ₿ Bitcoin related video 👉 https://www .youtube.com/playlist?list=PLEXG9aLZ2BKeFRqfFNxXRq-2n-0ZVC-zX Notes: This media content is for general information purposes only and does not constitute financial advice. No part of the content should be construed as financial, legal or tax advice. The content of this video is only the personal opinion of the spokesperson, who is not a licensed financial advisor or a registered investment advisor. There is a considerable risk of loss when buying cryptocurrencies. The spokesperson does not warrant any specific results. Past performance does not represent future results. All information is for public awareness and public domain use only. Please be cautious about this information, conduct your own research, and invest only the amount you can bear the loss.