How does Solana's price react to market changes?

After Bitcoin (BTC) fell to $60,000, the cryptocurrency market rebounded, and many top altcoins, including Solana, were affected. Solana price fell 40% from $204 to $122. The daily chart shows a downtrend and a retest of the uptrend line. The 50% Fibonacci retracement level may indicate a healthy pullback, allowing buyers to dominate. Support momentum may be a key factor for SOL holders and potential buyers in the coming weeks. If Solana falls below this support trendline, it may trigger a long-term adjustment to $98.5.

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