Solana Price Drops: Three Key Support and Resistance Levels for a Potential Rebound

The SOL cryptocurrency experienced a notable decline of nearly 10%, dropping to around $168. This dip came after a recent liquidation wick sweep on the Binance spot pair, as crypto analyst Daan Crypto Trades highlights in his X post. The price has since retreated below its October 10th level but currently hovers at approximately $168. 200-day EMA and a key Fibonacci support level are both showing up near this point. 50% Fibonacci retracement also shows a potential support zone for the next rally.