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<p>Clinix Crypto, a prominent analyst with over 70k subscribers on YouTube, explores Solana’s latest market condition and whether its price will continue to decline or rebound to crucial levels.&nbsp;</p>
<p>He mentioned<a href="https://captainaltcoin.com/solana-sol-price-could-dip-25-expert-advises-buying-of-dips-if-bearish-momentum-persists/" target="_blank" rel="noopener noreferrer nofollow"> that Solana’s price</a> has been moving in a bearish direction for some time. Even though earlier forecasts indicated a rebound, the market has changed, posing fresh difficulties for Solana’s immediate future.</p>
<p>This $144 price level has emerged as a <a href="https://captainaltcoin.com/why-its-worth-accumulating-solana-sol-at-this-price/" target="_blank" rel="noopener noreferrer nofollow">pivotal point for Solana</a>. Clinix Crypto explains that this level is the “Point of Control” (POC), a key support within Solana’s range. Despite previous expectations that Solana would consolidate between $144 and $146 and push toward $170, the coin has been unable to hold this level.&nbsp;</p>
<p>The speaker emphasizes the importance of reclaiming $144 within the next few daily candles to maintain any bullish momentum. However, failing to do so could lead to further declines.</p>
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<h2 class="wp-block-heading" id="solana-s-performance-against-bitcoin">Solana’s Performance Against Bitcoin</h2>
<p>Another thing driving Solana’s downfall is its poor performance in comparison to Bitcoin. Investors continue to prefer Bitcoin over other coins like Solana as the market enters a “de-risking” phase.&nbsp;</p>
<p>The analyst mentioned that, at this time, Solana’s fundamentals are not strong enough to drive a recovery without outperforming Bitcoin. This correlation has further weakened Solana’s price action, keeping it below critical levels.</p>
<h2 class="wp-block-heading" id="potential-scenarios-will-solana-price-drop-below-120">Potential Scenarios: Will Solana Price Drop Below $120?</h2>
<p>If Solana cannot reclaim $144, Clinix Crypto predicts a further drop towards $120 to $125. <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana’s price</a> has been consolidating between $160 and the low of $120 for an extended period, making this range familiar.&nbsp;</p>
<p>However, if global unrest or market instability intensifies, there is a risk of Solana dipping even lower than $120. Although this bearish outlook dominates the current analysis, there is a slim chance of Solana’s price reversing its trend if it can reclaim key support levels.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/cardano-ada-price-correction-not-over-yet-analyst-warns-of-final-drop-before-recovery/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA) Price Correction Not Over Yet: Analyst Warns of Final Drop Before Recovery</a></em></strong></p>
<h2 class="wp-block-heading" id="long-term-outlook-for-solana">Long-Term Outlook for Solana</h2>
<p>Looking further ahead, the speaker explains that Solana will likely stay within its established range for some time. A drop to $120 would be a crucial moment for the coin, as holding this level could prevent further losses.&nbsp;</p>
<p>Moreover, there is still a chance for a bullish reversal, even with the pessimistic prognosis; nevertheless, this is seen as a low-probability scenario. It will be necessary to reevaluate the issue in light of the overall state of the crypto market if Solana does fall under $120.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-price-prediction-can-sol-reclaim-144-or-fall-lower/" rel="noopener noreferrer nofollow">Solana Price Prediction: Can SOL Reclaim $144 or Fall Lower?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Price Prediction: Can SOL Reclaim $144 or Fall Lower?

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