The post Technical Analysis for Solana (SOL) Released: If It Drops Below This Level Again, Pessimism May Be Triggered appeared on BitcoinEthereumNews.com.

Cryptocurrency analysis firm Alphractal has made a recent assessment of Solana (SOL), stating that the risk has diminished in the recent price drop, but there is still the possibility of further declines. According to Alphractal’s risk analysis, while Solana’s price has dropped below $100 at one point in the past month, it has not reached extreme levels in metrics such as Sharpe Ratio and Normalized Risk Metric (NMR). This suggests that long-term risk analysis could present better opportunities at lower levels after Solana’s strong rally into 2024. However, in bull cycles, many of these opportunities may never materialize. Alphractal says Solana needs to hold the $100 support level to prove its strength. If that support is lost, a new wave of pessimism could be triggered, he warned. On the other hand, according to the analytics firm, Ethereum (ETH) currently has a better risk-return profile than cryptocurrencies like Solana and Binance Coin (BNB), which is notable in light of ETH’s weak performance in 2025. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/technical-analysis-for-solana-sol-released-if-it-drops-below-this-level-again-pessimism-may-be-triggered/

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Filed under: News - @ April 26, 2025 5:27 pm