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Solana (SOL) recently lost the main support area amid the launch of the distinctive Libra (LIBRA) symbol (LIBRA). The cryptocurrency has decreased more than 12 % in the past three days, and some analysts suggest that they risk a deeper correction to the lowest monthly levels.
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The scale icon breaks the Solana party
The Solana Network was the city's talk in this course due to the madmen madness, as the transition series was for these projects. The cryptocurrency was also one of the leading symbols over the past year, surpassing most of Altcoins in 2024.
Since it started in 2025, Sol showed strength despite the recurring market, which is held higher than the main levels, quickly bounced back, until the latest rise (ATH) of $ 295 almost a month ago.
However, the latest controversial launch of the distinctive symbol in Solana has sent the Sol price to a three -day decrease.
On Friday, the VIVA LA LIBRTAD project was announced alongside the scale icon, with the support of the Argentine President Javier Milei.
The project aims to “encourage the economic growth of Argentina by financing small companies and startups” and rose to the market value of $ 4.5 billion in the wake of President X.
However, 94 % had crashed after the team's governor and the families sold more than $ 100 million of scale at the peak of the symbol, which led to President Millie's removal from the project.
After the scale collapsed, the market morale turned with some members of society Expression Burnitus from many Memecoin's fraud operations launched in the Solana network during the course.
As a result, the Sol price fell to $ 190 and measured in this range until Sunday. With more details about the Libra project, Solana decreased by 7.8 % to the $ 180 support zone, as she sent the price to its lowest evaluation in two weeks.
Solana loses $ 180 support
On Monday morning, the cryptocurrency has regained for a short period to the level of $ 187, but it was rejected from the resistance line for almost a month -long landfill, indicated by Trader Crypto Rand. For the investor, there is “major pressure on the main support of $ 180”.
The encryption analyst Ali Martinez High It remains that Solana is within its main scope. The decisive region, which ranges from $ 180 to $ 190, retains the level of post -election penetration, and has been an important domain of the cryptocurrency during the past four months.
However, Seoul fell to less than the main support zone after President Millie Taghreed brought a post about the scale icon on Monday afternoon. The X Post explained the steps to invest in the encrypted currency, as it briefly sent 62 % before restoring 42 % after Milei re -tweeting it.
Since then, Solana has been homing between the price of 175 to 178 dollars, which is 6.6 recovery in the daily time frame.
Is the Seoul season ending?
Amid the recent measures of Sol, some analysts indicated his plan against ETHEREUM (ETH). According to Daan Crypto Trades, Sol/ETH will be “an interesting scheme to see the next few weeks.”
The trader explained that Seoul's interest reached its climax a month ago when Memecoin Trump was launched. The “fraud, carpets and chants” series has destroyed during the weak market “the ecosystem on the series/M.”, which fueled “the strong TUN-UP to that point.”
Dan argues that “the capital (he) is from Sol to ETH for the first time from a while, which can see the Sol/ETH trading pair re -testing the ATH 2021 level at 0.058. This level was” very influential in this session “and a point was main In Q4 2024.
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At the same time, Michael from Bob It is considered The Sol/ETH rating has come after “the huge wick created a huge tremendous difference and the assessments begin to decrease.” As a result, “ETH season begins on the Sol season” and spinning from Solana towards Ethereum has started.
Analysts compared the Memoin madness with Defi Defi in 2020, and concluded that Sol “Memeco Fiesta was an internal money printer for a small group, and everyone knows about it now.”
Distinctive photo of Unsplash.com, Chart from Tradingview.com