Solana’s RSI Falls to Oversold Territory, Signaling Potential Rebound

Solana’s native token (SOL) experienced a significant downturn this week, plummeting from around $230 to about $168. This selloff triggered widespread liquidations as traders exited leveraged positions. Technical indicators now show that Solana’s Relative Strength Index (RSI) has dipped into oversold territory, suggesting the recent sell-off may be overextended. Analysts believe this setup could mark the start of a robust rebound phase. Many predict an 80% upside before year-end if momentum returns and buyers gain control.