Solana's price reduction to $143 has led to questions about its potential for recovery in the current market scenario. Despite the dip, historical trends suggest this might be a strategic point for long-term SOL accumulation.
The Sharpe Ratio, which evaluates risk-adjusted returns, has once again dipped into negative territory, typically a precursor to a price rise. As such, the market anticipates a possible upward momentum for investors looking to amass SOL.
While current sentiment is turning more bullish, driven by market conditions and historical Sharpe Ratio behavior, Solana's resilience at the $140 support level is crucial. Holding above this level is important for aiming toward the $161 mark.
However, overcoming the $155 resistance is vital. Failure to do so could trigger a downtrend back to $140, but maintaining above this support would support short-term gains while leaving room for potential recovery.
