Solana (SOL) is one of the cryptocurrencies that needs to be avoided next week particularly. Solana has shown massive strength in 2023, being among the best-performing cryptos year-to-date. Recently, SOL also carved its strength among the top gainers in both the last 30 and the last seven days.

The native token for the Solana Network is trading at $39.72 by press time. SOL is also showing “Overbought” signals on the RSI, navigating above the 75 threshold for a few days.

Moreover, trading analysts have already pointed toward an imminent price correction for Solana. This is validated by the constant SOL sell-offs observed from FTX and Alameda, with a remaining threat of more than $160 million worth of tokens still waiting to be liquidated.

All things considered, the crypto market can be extremely volatile and unpredictable, as even artificial intelligence models find it hard to forecast price targets and trends. Therefore traders and investors must follow their projects of interest closely and adjust accordingly, with the inevitable changes that are yet to come.#SolanaInsights $SOL