Solana Price Approaches Key Support at $166 After Steep Drop

Solana’s price recently experienced a significant decline, dropping by 16% over the past week. Currently trading below its lower Bollinger Band, Solana is showing signs of further downside volatility as it nears crucial support levels. The token has fallen to around $170.14, down 16% from seven days ago, and this proximity to its support at $166.63 adds to the existing pressure on prices.