Solana Price Crash: SOL Breaches Crucial Support, Next Stop $125?

The Solana price prediction remains uncertain as SOL struggles to maintain stability, dropping over 6% in the past 24 hours.

This decline is driven by a broader bearish sentiment in the crypto market following the Federal Reserve’s decision to delay rate cuts, exacerbating recession fears and geopolitical tensions in the Middle East.

Additionally, concerns over FTX potentially holding 8% of the SOL supply have intensified market apprehensions, adding downward pressure on Solana’s price as investors anticipate possible further declines