SOL | Solana Drops 54% | WHERE TO NEXT?

The recent ByBit hack seems to have sent the market into a downward spiral. But, if you look at it from a few weeks back, prices were already beginning to drop even before the news of the hack.

Solana follows Ethereum pretty closely, and considering the hard sell-off on ETH, SOL followed suit with a -26% drop over the past week.


This is quite a substantial correction, and considering the past 6 candles were red - it's likely that we can expect a bounce from next week, or at least a green candle. If we fail to bounce here, the short term is looking bleak for SOL:


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SOLUSDT