Solana's current bullish trend is facing a potential setback as technical indicators suggest a 40% price drop to around $42 by January 2024. The cryptocurrency's rally lacks the necessary momentum, evident in bearish divergence patterns between its price, RSI, and trading volumes. Despite the bearish signals, some analysts view this as a buying opportunity, anticipating a rebound around the 50-3D EMA ($42), with potential support near $40 and $55. The overall sentiment suggests a cautious outlook for Solana's price, with the possibility of a bearish trend reversal if key support levels are breached.
