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SOL Tests Key Support Level, Could the FOMO Be Coming to an End?

Published 2023-12-12, 02:38 a/m
© Reuters.  SOL Tests Key Support Level, Could the FOMO Be Coming to an End?
SOL/USD
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Coin Edition -

  • Santiment revealed that SOL was quick to recover to above $71 following the latest market crash.
  • In an X post, the analytics platform shared that there is a high level of FOMO surrounding recent and upcoming airdrops on Solana.
  • Technical indicators on SOL’s chart suggested that its price may drop to $60 in the next 24-48 hours.

The blockchain analytics platform Santiment revealed in an X post earlier today that the altcoin market recovered quickly after the latest market-wide selloff. Solana (SOL) stood out from the pack and was able to rise back above the $71 mark. According to the post, SOL is gaining quickly compared to the majority of altcoins.

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