The Solana (SOL) market has registered a near 2% price increase in the last 24 hours, representing slight relief for investors enduring steep losses from the last week. Between August 14 and 15, the altcoin tumbled by roughly 13%, sliding from near $210 to around $180 as broader crypto markets reacted to US Producer Price Index (PPI) data. Despite the short-term recovery, prominent market analyst Ali Martinez warns that Solana may remain in danger yet, projecting the potential for further downside in the days ahead. Related Reading: Solana Price Drops To $185 — Here’s Why The Momentum Didn’t Last Solana Rejected At $208, Key Support Levels At $180, $160 In Focus In an X post on August 16, Martinez outlines a bearish technical outlook on the Solana market following a solid rejection at a key technical price level
source: https://www.newsbtc.com/news/solana/solana-trading-range-indicates-potential-price-fall-to-160-analyst/
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