Solana (SOL) has been going through a tough time lately. Its price dropped by a big 35% from its previous high. This happened because of the overall downturn in the crypto market and the popularity of meme coin networks.

Experts at Binance are cautioning that if Bitcoin falls below $60,000, Solana's inflation could speed up even more.

Looking ahead, analysts believe that $105 could be a really important support level for Solana. This price point might give us some hints about where the coin is headed in the long run.

Keep an eye out for more updates on Solana and the cryptocurrency market!

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Disclaimer: These are opinions from third parties. This is not financial advice. See terms and conditions.