SOL Price Crashes 18%, On-chain Metrics Remain Bullish: $200 Retest Soon?

Solana price and the broader market took a significant dip mid-week. In addition to the bearish crypto market conditions, the accelerated sell pressure can be attributed to geopolitical tension between Iran and Israel, which created FUD among market participants. Despite the 18% crash this week, the SOL price is positioned at crucial support, eyeing reversal, supported by on-chain growth.

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