If $BTC drops further, it could lead to a larger decline.
Solana ($SOL) is currently in a downtrend, trading at $153.71, down 2.15%. Earlier today, it reached a high of $157.38 but has tested lower levels, hitting a day's low of $151.48. The sharp decline in the last hour shows significant selling pressure.
For traders, this could be a crucial moment to watch for possible stabilization around the day's low, which might offer a good entry point for buyers. However, if the price falls below this support, further drops could occur. In such volatile conditions, staying alert and using stop-loss strategies is essential to reduce risks and capture potential rebound opportunities.
