$SOL It seems like Solana's recent drop can be attributed to a case of overbought conditions,” he stated. Brett Sifling, an investment advisor for Gerber Kawasaki Wealth & Investment Management, also chimed in, choosing to focus on traders' reaction to the bitcoin ETF news.
If buyers seize the opportunity to buy the dip, seizing the liquidity grab, the Solana price could recover, flipping the downtrend line into support. Enhanced buying pressure could set the altcoin into the confines of the ascending channel.
