Is Solana a ‘buy’ with SOL price at 10-month lows and down 85% from its peak? By Cointelegraph

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Is Solana a ‘buy’ with SOL price at 10-month lows and down 85% from its peak?

Solana’s (SOL) price dropped on June 3, bringing its net paper losses down to 85% seven months after topping out above $260.

SOL price fell by more than 6.5% intraday to $35.68, after failing to rebound with conviction from 10-month lows.

daily price chart. Source: TradingView
SOL/USD versus correlation coefficient. Source: TradingView
SOL/USD weekly price chart. Source: TradingView