• During April 1st, SOL reached over $200 but failed to surpass its previous high, leading to a decline.
• SOL experienced a significant drop of more than 37% from its recent peak.
• Presently, SOL is exhibiting bearish trading under $160 compared to the US Dollar, following Bitcoin's trend.
• Continued trading below the $125 support area could result in additional losses for SOL.
• The completion of a specific pattern suggests a change in long-term sentiment, with a slowing price decline and signs of recovery.
• Maintaining stability around $125 might signal a potential upward movement towards the supply zone between $150 and $210 levels.
• Conversely, a failure to hold the $125 support level could trigger panic selling, potentially dropping the price to $100.
• Coingabbar's analysis predicts the Solana price in 2030 to be around $700, with further potential for a surge to $1500 by 2040.

KEY LEVELS:

RESISTANCE LEVEL: $143-$155

SUPPORT LEVEL: $126-$115

Coingabbar's analysis and charts on cryptocurrencies, NFTs, or any decentralized investments serve informational purposes only and not as financial advice. Users should undertake their research, exercise judgment, and be mindful of the risks associated with financial instruments. Coingabbar assumes no responsibility for any financial losses. The cryptocurrency and NFT markets can be extremely volatile; users should seek guidance from financial experts and evaluate their risk tolerance before investing.