Solana (SOL) has broken below a closely watched $74 support level, intensifying bearish technical signals as traders debate whether the next major test could come near $50. The move comes amid a broad altcoin pullback and fading spot activity, raising concerns that downside momentum may not be exhausted.
As of Saturday 1:00 p.m. in Seoul (Saturday 12:00 a.m. ET), SOL was trading at $64.17, up 2.07% over 24 hours but down 22.41% on the week. Solana’s market capitalization stood at roughly $37.17 billion, keeping it ranked seventh among cryptocurrencies by market value.
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