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Crypto

Solana Price Enters Critical Support Zone Amid Supply Reduction Plans

Guavy AI Editorial Team
Instruments
SOL
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Solana's price is currently in a critical battle for support at the $100-$103 range. If the daily closing price breaks above this level, Solana's SOL token could potentially reach a new high of $105 to $120.

A weekly bearish divergence pattern known as the 'death cross' has been forming since 2025's peak, indicating a possible drop to $140-$150.

Additionally, a recent community-approved plan aims to reduce Solana's supply by 18.9 million tokens over the next six years.

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