Solana has experienced a significant drop in price, approximately 15%, due to the overall market selloff and the decline of meme coins, which have been driving Solana's recent growth. Analysts believe that Solana could still go lower, and if it fails to hold key support levels, another decline could follow. While long-term sentiment for Solana remains bullish, the short-term outlook is uncertain, and the coming days will be crucial in determining whether this is just a dip or the start of a deeper pullback. Some analysts believe that the dip is temporary and Solana could stabilize and attempt a recovery if buyers step in at the $220-$225 range. However, if Solana fails to hold support above $230, further downside is expected, with the next major support zone at $200.
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