Solana Price Update

Solana has recently seen a price drop to a six-month low, dipping below $130. This latest decline marks the lowest trading level since September 2024. Traders are now apprehensive about a potential fall below the critical $100 threshold. Historically, low prices have often provided opportunities for buyers to enter the market, anticipating a rebound.

Reasons for Caution

Despite the possibility of buying the dip, there are three major reasons why the SOL price may struggle to reach $200 this month.