Solana’s price drops below $100 for 4 consecutive days: Is a recovery still possible?

Black October seems to be seeping its way into November as the price of Solana dropped below the $100 price threshold for the fourth consecutive day. At press time, too, SOL was trading at $92.95, though after a hike of 1.7% in the past 24 hours. However, the weekly drop of 8.8% has ignited a fresh wave of concern in the crypto market. What is bothering the investors here is that this price fall was last seen in January 2024, post which the altcoin managed to reach a price level of $250. Solana's price tests $89.27 Needless to say, the RSI, which further fell below the 30 level in the oversold zone, added to the ongoing concern around the altcoin.

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