Solana Price Continues to Decline - Is a Rebound to $180 Possible?

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Solana (SOL) is one of the major assets affected by the recent market downturn triggered by the Federal Reserve's interest rate cuts. Solana's price has succumbed to bearish pressure, falling below $200 for the first time in over a month.

Although SOL's price continued to decline over the past day, a well-known cryptocurrency analyst on X believes that the altcoin may be ready for a rebound. Here’s how Solana's price can correct and regain an upward trend.

Can SOL's price return to $200 again?

In an article on the X platform, cryptocurrency expert Ali Martinez shared interesting insights on the current price trend of Solana. According to the analyst, several indicators and patterns suggest that the altcoin's price will see a rebound.

This prediction is based on a considerable number of indicators and charts. First, Martinez noted that Solana's price appears to be testing a key support area between $188 and $179.

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