The post Will the Price Hold Above the $124 Support Level? appeared on BitcoinEthereumNews.com. Key Insights: Solana struggles near $135 support, risking a drop to $124 and $115 if breached. DApps on Solana generated over $17M in revenue, showcasing blockchain activity amid volatility. Bollinger Bands indicate high volatility, with traders focused on Solana’s ability to hold critical support. Solana Potential Drop: Will the Price Hold Above the $124 Support Level? As of the time of writing, Solana is testing the $135 support zone, with a 24-hour trading volume of over $5.17 billion. The cryptocurrency is up 6.21% in the last 24 hours, but market watchers remain cautious. As $SOL hovers near the lower band of the Bollinger Bands (BB) indicator, the market appears to be in a phase of heightened volatility. Technical Indicators Show Increased Market Volatility Solana has seen a notable decline from its peak of $245 in recent months. The price is now approaching the critical support zone of $135, which traders are watching closely. The Bollinger Bands have been widening, signaling increased volatility and uncertainty. Analysts are particularly focused on whether Token can maintain support around $135. The 20-day simple moving average (SMA) currently sits below the price, which suggests that the overall market sentiment is cautious. Source: TradingView  Despite this, the price’s resilience in staying above the lower band has kept traders hopeful for a potential rebound. Analyst Ali pointed out that if SOL can hold the $135 support zone, it could avoid a steeper decline. If it fails, the price could face further downward pressure toward key support levels, including the $124 and $115 areas. Solana DApp Performance and Volatility Meanwhile, the ecosystem shows strong activity in its decentralized applications (DApps). Over the past week, DApps have generated over $17 million in revenue. Among the top performers, Pumpfun has led with over $9.80 million in earnings, while Axiom generated… The post Will the Price Hold Above the $124 Support Level? appeared on BitcoinEthereumNews.com. Key Insights: Solana struggles near $135 support, risking a drop to $124 and $115 if breached. DApps on Solana generated over $17M in revenue, showcasing blockchain activity amid volatility. Bollinger Bands indicate high volatility, with traders focused on Solana’s ability to hold critical support. Solana Potential Drop: Will the Price Hold Above the $124 Support Level? As of the time of writing, Solana is testing the $135 support zone, with a 24-hour trading volume of over $5.17 billion. The cryptocurrency is up 6.21% in the last 24 hours, but market watchers remain cautious. As $SOL hovers near the lower band of the Bollinger Bands (BB) indicator, the market appears to be in a phase of heightened volatility. Technical Indicators Show Increased Market Volatility Solana has seen a notable decline from its peak of $245 in recent months. The price is now approaching the critical support zone of $135, which traders are watching closely. The Bollinger Bands have been widening, signaling increased volatility and uncertainty. Analysts are particularly focused on whether Token can maintain support around $135. The 20-day simple moving average (SMA) currently sits below the price, which suggests that the overall market sentiment is cautious. Source: TradingView  Despite this, the price’s resilience in staying above the lower band has kept traders hopeful for a potential rebound. Analyst Ali pointed out that if SOL can hold the $135 support zone, it could avoid a steeper decline. If it fails, the price could face further downward pressure toward key support levels, including the $124 and $115 areas. Solana DApp Performance and Volatility Meanwhile, the ecosystem shows strong activity in its decentralized applications (DApps). Over the past week, DApps have generated over $17 million in revenue. Among the top performers, Pumpfun has led with over $9.80 million in earnings, while Axiom generated…