The crypto market is showing signs of stabilization after a crash, and altcoin Solana is aiming for a bounce back. The total crypto market cap, excluding Bitcoin, has risen back to $1.17 trillion. Solana has experienced a significant lower price rejection but has bounced back from its low at $176 to the current price of $195. The price trend has seen a drop of nearly 20%, and Solana is now testing the 23.60% support level. The RSI line has taken a negative route, and technical indicators are on the verge of flashing a sell signal. Despite this, an independent analyst maintains an optimistic viewpoint due to the TD Sequential indicator generating a buy signal. A sustained move above $200 could trigger a rally towards $216, but a failure to hold at $175 could result in a drop to $150.



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