Why Solana (SOL) Price is Still at Risk Despite 30% Recovery

The Solana (SOL) price failed to sustain its increase despite a breakout from a bullish pattern. This led to a sharp fall starting on June 5. The price action and wave count both indicate that more downside is expected until the SOL price eventually bottoms. Solana Falls Below Long-Term Support The daily time frame technical analysis for SOL shows that the price has fallen since April 17. Solana created a lower high on June 4 (red icon) before accelerating its rate of decrease. The drop led to a low of $12.80 on June 10. The decrease was crucial since it