Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over?
Solana (SOL) has surged 7.5% in the last 24 hours, recovering from a three-week low of $175 following a significant market correction. The cryptocurrency experienced a 27% drop over the weekend due to fears of a global tariff war initiated by new tariffs on Canada, Mexico, and China. This led to a broader market sell-off, with Bitcoin falling to $91,200 and Ethereum to $2,100, resulting in at least $2.3 billion in liquidations. Analysts suggest that SOL must hold the $170-180 support zone to avoid deeper declines, with potential retracement to $138 if it loses the $191 support. Despite recent volatility, SOL has shown resilience, trading at $211 and aiming to break the $200 resistance. If it closes above $200-$210, it may retest the $240 resistance and push towards $300.
