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Solana Holds Critical Support Zone

Amid the market correction, Solana lost its New Year highs, retreating to levels last seen in late December. On Monday, SOL recorded a 17.3% increase from its yearly opening after testing the $220 mark. However, its bullish momentum stalled as Bitcoin dropped by 8%.

Trading between the $190-$199 range, Solana broke below the lower boundary, falling to $182 on Thursday. In the past 24 hours, it briefly climbed above $190 but dipped back to the $185 support zone. A crypto investor noted that Solana still maintains its $325 target since it avoided dropping to the previous low of $175.