Solana's Mixed Signals: Rebound or Further Downside?

Solana is showing signs of rebounding after a downturn, but analysts warn that further downside risks persist.

The cryptocurrency has been trading near $78.91, down 3.13% weekly but up over 23% in the past 30 days, indicating some recovery amid ongoing market correction.

Using the Elliott Wave and Wyckoff methods, analysts have identified a potential sharp drop to $0.82 as a tail risk, while also noting a 'spring phase' that could signal a market turnaround if confirmed by volume and price action.