- 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.
#Altcoins are recovering quickly after the #crypto-wide drop the past couple days. In particular, #Solana has surged back above $71, gaining quickly compared to the majority. Positive sentiment may need to cool down a bit before a serious run, though. https://t.co/yu9F1MgkOw pic.twitter.com/vXbJbN0Kda— Santiment (@santimentfeed) December 12, 2023
Despite SOL’s current strength, Santiment suggested that the positive sentiment surrounding the project needs to cool down a bit before the altcoin can experienc…
The post SOL Tests Key Support Level, Could the FOMO Be Coming to an End? appeared first on Coin Edition.