Oversold Altcoins Including Solana Show Signs of Potential Relief Bounces

Solana has experienced significant selling pressure, dropping over 60% from recent highs due to macroeconomic tensions and trade policy fears. Key points include:

Solana is currently trading at $108, facing crucial support at the $100 level.
The altcoin fell more than 20% in a few hours during a recent selloff.
Bulls aim to reclaim both the $100 and $120 levels to signal a potential recovery.
Analyst Bluntz notes bullish divergences in oversold altcoins, suggesting possible short-term bounces.
If the $100 support fails, Solana could decline to the $80 range.

Sentiment remains fragile amid rising trade tensions and macroeconomic instability, making the upcoming days critical for Solana's price action.