Grayscale Calls Solana an Overlooked Bet as SOL Slips to $102
- —SOL dropped 2.1% to $102.01, breaking a rising trendline near $109
- —Price sits below the 50-day EMA at $107.07 and 20-day EMA at $111.00
- —Next support is the 100-day EMA at $99.43, with a $96-97 consolidation zone below
- —Grayscale says tokenization and stablecoins will run on Solana, ETH and BNB Chain
Why it matters: The trendline break challenges the August uptrend: holding $99.43 keeps a move back to $107-111 alive, while a loss risks a slide toward $96.
Source: Cryptonews.net