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news-imageFebruary 4, 2025

Solana Slumps Below $230 As Selling Pressure Returns

Cryptocurrency analysts of Coinidol.com report, Solana (SOL) has been trading above the 21-day SMA support since January 27.
Publisher: Coin Idol
Sentiment: Negative
SOL

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Negative
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Explainer: What's Happening With Solana Price?

The Solana (SOL) price is navigating a bearish zone, failing to recover from the recent crypto market crash. Notably, the Solana blockchain demonstrated exceptional performance in Q4 2024 and January 2025, with several key metrics showing significant growth.

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Sol Strategies Expands SOL Holdings With 40,300 SOL Acquisition

Sol Strategies has strengthened its validator operations and SOL holdings, acquiring an additional 40,300 SOL worth $9.93 million. Expansion of SOL Holdings and Validator Operations Remain Key for Sol Strategies Sol Strategies Inc., a publicly traded Canadian firm focused on the Solana blockchain, has announced significant validator growth and expanded SOL holdings. Between Jan.

Negative
cover-imageThe Currency Analytics
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Solana Faces Intense Selling Pressure – Potential Drop to $138

Solana (SOL) is under significant bearish pressure as the cryptocurrency faces consistent selling, pushing its price from $200 to $187.99. Despite attempts at short-term recoveries, SOL is experiencing a challenging period, with key technical indicators suggesting that further declines could be on the horizon.

Negative
cover-imageThe Currency Analytics
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Solana Drops Below $200 Despite 85% ETF Approval Odds

Solana (SOL) has faced a challenging phase recently, with its price dipping below the $200 mark, despite growing optimism surrounding a potential ETF approval. The odds for a Solana ETF approval in 2025 have soared to 85%, according to Polymarket, signaling increasing institutional interest and positive market sentiment.

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