Solana (SOL) has experienced a significant decline in price after reaching its all-time high in January. However, on-chain data and technical indicators suggest that a recovery may be imminent. The coin's Relative Strength Index (RSI) has dropped below the oversold level of 30, indicating that selling pressure may be exhausted and a price correction could occur. This oversold condition has historically preceded price rebounds. Additionally, poor market sentiment and a potential capitulation moment indicate that SOL may be primed for a rally if buyers step in. Current support levels sit at $136.62, with potential resistance at $182.31 and $222.14. Conversely, if the downtrend continues, the price could fall to $120.72.



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