Solana breaks support! 📉 Will it stabilize at $80?
The currency $SOL is following the general market downtrend, having recorded a significant decline by breaking the $84 levels to currently trade at $83.20.
Key numbers in the chart:
📍 Retracement rate: a decrease of 3.85% during the day.
📍 Price action: we observe a sharp drop (red Marubozu candle) that led to breaking the previous support area, and the price is currently trying to hold above the $83 levels.
📍 Expected scenario: if selling pressure continues, we may see a test of the $80 areas, while a return above $84 will give a glimmer of hope for speculators.
Despite the decline, Solana remains one of the fastest-growing networks.. Do you think this is a "healthy correction" or the beginning of a deeper downtrend?