Solana's Rollercoaster Ride: Price Plummets, Fixes Deployed, and Analysts Eye New Targets

Solana (SOL) has experienced a significant 20% drop in value over the past seven days, with its price sinking below a crucial support level. Despite bearish sentiment and high social volume, some technical indicators have turned bullish, hinting at a possible trend reversal. However, concerns remain as the token's price may further decline, with potential support levels at $130 and $120. Additionally, the derivatives market has shown some bullish signs, with a decline in open interest and funding rate.