As the month nears its end, the crypto market turns momentarily red, with Solana (SOL) retesting a crucial support level that could determine its short-term performance. An analyst suggests that holding the current range over the weekend will be key for the long-awaited rally back to $200. Related Reading: Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead? Solana Hits Multi-Week Low Amid the crypto market pullback, most cryptocurrencies are recording a red Friday, with Bitcoin (BTC) and Ethereum (ETH) momentarily losing some key levels. Solana, one of the cycle’s leading Altcoins, followed the rest of the market and registered a 6% retracement in the daily timeframe. SOL has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. Over the past month and a half, the cryptocurrency has reclaimed multiple crucial levels, setting the stage for a potential rally. However, the cryptocurrency has struggled to reclaim the key $180 resistance despite hitting a three-month high of $187 a week ago. A reclaim of t ..
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