Solana Price Plunges Amidst Network Woes, Technical Signals Indicate Oversold Condition

Solana’s price has experienced a significant decline, reaching its lowest level since early October. This downward trend has taken the cryptocurrency down 53% from its peak this year, ultimately settling at $138. Indicators like the Relative Strength Index (RSI) suggest that Solana’s price is now in its most oversold position since June 2023, with a reading of just 24, significantly below the