Is Solana (SOL) Set for a Whopping 95% Plunge?

Solana's SOL has seen a drastic decline recently, with its value dropping almost 40% in just a month. Some experts suggest that the bears aren't done yet, predicting a fall below $10 soon. SOL was among the worst-hit cryptocurrencies in the recent market crash, briefly dipping to around $77 before recovering slightly above $80. Analyst Ali Martinez noted a sell signal in the asset's recent performance, suggesting a possible 95% decline similar to a previous pattern in January 2022. If the price breaks below the $76 support zone, it could potentially fall further to $53, $35, and $23. Despite the gloomy outlook, the asset's Relative Strength Index (RSI) suggests a potential rally. However, recent increases in exchange netflow could be read as a bearish pre-sale signal.