Solana and Dogecoin Plummet, DIGI Token Rises

Solana Faces Severe Price Drop

Solana’s price plummeted over 36.72% within a week, with key trading sessions on August 1st and 3rd marking significant losses. Initially, the cryptocurrency dropped more than 10% to around $150, largely due to traders liquidating positions—over $22.44 million in both long and short bets, with longs suffering most amid a bearish outlook. The downturn continued on August 3rd, with an additional 8% loss in just 24 hours, pushing Solana below the crucial $157 support level. This breach deepened market pessimism, hinting at a potential fall towards $120.