The Solana price experienced a 4.3% increase during Wednesday’s U.S. market trading session. This positive movement came as a result of the broader market relief rally, with Bitcoin's price sharply reversing from $56,000.
However, despite this short-term uptick, it does not necessarily indicate the end of the downtrend. Sellers are likely to regain control at higher prices, potentially driving Solana's price back down.
The concern over a potential crash to $50 is based on several factors related to market sentiment and technical analysis.
