Analysts are now focusing on the long-term technical zones and onchain indicators which might signal a major turning point for SOL. The SOL/USD pair dropped below $70 for the first time since December 2023, falling to a 26-month low of $67 on Feb. 6. While Solana’s price has since recovered to $84 at the time of writing, it has recorded the largest monthly drawdown at 38% among the top-capped cryptocurrencies. Bitcoin (BTC), the market leader, is trading at $69,566, down 10.4% over the last seven days and 26% in the past month. Second placed Ether (ETH) has lost more than 23% over the last month to trade just above ... (full story)