Solana (SOL) Down by 6.3%, Healthy Correction or Cause for Alarm?

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Solana (SOL) Down by 6.3%, Healthy Correction or Cause for Alarm?
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Solana is down 6% today, but investors need not worry

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The broader digital currency ecosystem is down today, as showcased in the reduced valuation in crypto market capitalization, which slumped by 3.34% to $1.02 trillion. Amid all these, Solana joined the majority of altcoins that contributed to this price slump with its 6.3% drop to $23.33, Since the beginning of the year, the digital currency has been on a wild bullish streak, one from which Solana has benefitted immensely. For a digital currency that plunged to its lowest price point of $8.

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