Someone asked me, "bro, why has the price of Solana continued to fall for the past 2 days?" It's not just the price of Solana that has fallen, bro, but all coins definitely have ups and downs, even BTC has fallen. The price of Solana (SOL) has fallen in the past two days due to several main factors. One of them is profit-taking after a big increase in November, where SOL peaked at around $263. Investors are starting to adjust their risk to the overbought market, as reflected in the RSI indicator approaching the overbought level. In addition, pressure in the broader crypto market, such as Bitcoin price fluctuations, also affects sentiment.

Technically, SOL is currently in an important support zone around $225. If this level fails to be maintained, there is a possibility that the price will fall to the next support around $200. However, if SOL manages to maintain this level, there is potential for a recovery towards the resistance level at $248 or even back to $260 in the near future.

Despite the short-term pressure, Solana still has strong fundamentals, especially in the adoption of DeFi and NFT. This provides optimism for long-term growth potential.

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