Solana (SOL) could see further price declines similar to the ETH (ETH) crash relative to Bitcoin (BTC). SOL/BTC is following the ETH/BTC trend, which could mean that Solana's price will continue to fall relative to Bitcoin. Solana could even fall below $100, indicating more downside.
The $125 to $118 area is a key support zone, with the $120 support level being very important. As long as this area holds, Solana is expected to reverse the downtrend. As long as Solana holds the $120 support, there is still room to move up.
However, Solana needs to break through the $162 resistance level to confirm the uptrend, which remains strong. Although Solana's price has fallen by more than 48% from its all-time high of $260,