Solana Facing Technical Weakness: Analysis Firm Warns of Potential Decline

A recent analysis from cryptocurrency research firm MakroVision has highlighted significant technical weakness in Solana (SOL). The report indicates that the popular blockchain experienced a price correction following its breakout above an uptrend line, leading to a drop to approximately $173. 0.5 Fibonacci level. Although the price recovered slightly, the overall structure remains weak according to analysts.