Krutika Adani
SOL price plunged sharply, wiping out recent gains.
Investors faced huge liquidations amid market turmoil.
Macroeconomic factors: Fed’s stance on interest rates hit risk assets.
Network congestion: Solana faced transaction failures & slowdowns.
Market-wide sell-off: Altcoins followed BTC’s downward trend.
RSI below 30, indicating oversold conditions.
Open interest declines, signaling weaker trader participation.
Major resistance at $180, support at $150.
A bounce is possible if SOL holds key support levels.
Whale activity & macro trends will decide the next move.