Three Solana data points highlight resilience, but is SOL undervalued?

💡 DMK Insight

SOL’s 72% drop from its all-time high raises eyebrows, but here’s the kicker: it might be a prime buying opportunity. With SOL currently at $81.86, traders should consider the broader context of market sentiment and potential recovery patterns. The significant decline could attract value investors looking for discounted assets, especially if SOL shows signs of stabilizing. Watch for key support levels around $75, as a bounce from this area could signal a reversal. Additionally, if SOL manages to reclaim the $90 mark, it could trigger bullish momentum, drawing in more retail and institutional interest. However, don’t ignore the flip side—if SOL breaks below $75, it could lead to further selling pressure, potentially dragging it down to the next support level. Keep an eye on trading volumes and market news, as these could provide insights into SOL’s short-term direction. The next few weeks will be crucial for determining whether SOL is truly undervalued or if it has further to fall.