Solana's price witnessed a sharp 11% decline, falling to below $170. However, it demonstrated resilience by bouncing back to $182.
This recovery follows a successful retest of the 200-day EMA, showcasing the market's strength despite the crypto having dropped 36% from its late November all-time high of $264.
Analyst Jelle suggests that recapturing the $210 mark could pave the way for further growth.