Solana Price Plummets to New Lows Amid 10-Month Losing Streak

Solana's price is currently hovering around $72.97, marking a 1.78% decline over the past day.

The token has been on a losing streak for ten straight months, with red monthly candles that have traders on edge.

Ali notes that Solana recently broke below a rising price channel it had held for weeks, signaling that buyers may be losing their grip.

This kind of move often leads to a test of lower support zones, which could push the token towards $60 if selling continues.