#RideTheKaiaWave Solana, a top-tier cryptocurrency, has recently fallen, reflecting the bearish trends in the cryptocurrency market. After breaking critical resistance levels in November, the coin has entered a corrective phase. Cryptocurrency experts remain optimistic, anticipating a possible rally towards $400. However, Bitcoin’s price trading below $96,000 has heightened market concerns about an extension of the ongoing collapse. The big question is: Will Solana price fall further, or is a breakout coming?
Is Solana price ready for a rally to $400 or a deeper correction?
Solana price has recently been on a downward trend, failing to enter price discovery after hitting a record high of $263 in November. Over the past 30 days, the cryptocurrency has shown a clear downtrend, marked by small fluctuations. Although this 15% decline is significant, cryptocurrency experts believe Sol still has plenty of potential for long-term gains. $KAIA
