Coin-Turk 13 minutes ago
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Recently, the decline in the cryptocurrency market has put pressure on Solana 
$133 (SOL ($133.10)) prices. However, renowned analyst Raoul Pal indicated that SOL is in an oversold region and could show signs of recovery soon. Technical indicators and historical data suggest that Solana has potential for an upward trend in the upcoming period.
Technical Data and Market Analysis
Raoul Pal highlights that Solana has reached the two standard deviation threshold in its log regression channel. He also notes that SOL recorded its weakest Relative Strength Index (RSI) value since its lows in 2022. The RSI, which fell to 25.73 on February 26, indicates that the asset is in an oversold region, and similar past levels suggest Solana might recover again.
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