Why $SOL price is down:

• Overbought correction in progress•

From a technical perspective, Solana's price declined after its daily relative strength index (RSI) approached the overbought level of 70. Additionally, a resistance confluence around $186, which included the 0.786 Fibonacci retracement line and a short-term ascending trendline, intensified selling pressure.

These price ranges could be seen as good entry points. Goodluck lads.

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