Solana Jatuh di Bawah Dukungan Kunci – Apakah $10 SOL Mungkin?
Solana Breaks Key Support – $10 SOL Possible? https://cryptonews.com/news/solana-breaks-key-support-10-sol-possible/

Solana Breaks Key Support – $10 SOL Possible?

Solana (SOL) has broken below a key support at $120, sparking concerns of a massive sell-off. The token has dropped by nearly 13% in the past week, following Trump's hostile rhetoric and actions on the trade front.

Fear of higher inflation in the U.S. has taken over the market, causing most financial assets to decline. SOL has not been spared, and this latest decline has pushed the token below a key psychological threshold.

Technically, the daily chart shows that this is the second time SOL has broken below the $120 level in the past 30 days. Multiple support breaks typically result in near-term weakness in the asset's price. However, the $110-$115 levels have been strong areas of support for SOL in the past.

The market may have already priced in Trump's measures, but there is still some degree of uncertainty concerning how other countries will react to his decisions. Momentum indicators favor a bearish outlook for SOL, with the Relative Strength Index (RSI) still standing below the signal line and the MACD's histogram showing accelerating negative momentum.

If SOL loses this key support, it could drop to $100 and possibly even $60, $30, or $10 in a prolonged bearish phase driven by continued tariff pressure. However, Solana's ecosystem continues to expand, especially within the meme coin space, with a new scaling protocol called Solaxy emerging to enhance the network's ability to handle high transaction volumes efficiently.

Solaxy's presale has raised $29 million to address Solana's congestion issues, and its native token, SOLX, is expected to see a surge in demand once leading wallets and exchanges adopt the protocol.