Solana Hits Two-Month Low. Where Could the Rebound Begin?
Solana continued its downtrend this week, kicking off Monday with notable losses. It shed almost 3%, dropping to its lowest value in more than two months. A recovery followed on Tuesday, with the altcoin recovering almost half of the previous day’s losses. However, Wednesday’s price action shows that it is still grappling with significant selling pressure. SOL retraced to a low of $89, a level not seen since August 24.