Solana is seeing significant selling pressure due to its steep fall from its recent highs. The price has corrected from $116 to $85 due to sell-offs and declining market sentiments.
The macro environment, liquidity squeeze, and memecoins losing hype are contributing to the correction.
📉 Short-term pain, but key support zones are being tested.
💡 Smart money looks to buy during the dips as panic selling presents opportunities.