Solana is seen correcting after posting a record high on July 14 that was not seen since November 2022. SOLUSD lost 2.25% and 4.62% on July 17 and July 18 respectively. This downside is accompanied by high trading volumes during the last four trading days.

The coin went into a reverse correction on July 19 and may gain 3% to 27.10-27.40 against the U.S. Dollar. So, it would be wise to prepare to a further downside correction towards 24.10 considering the existing bearish trend. The stop loss order might be placed at 28.50, above the recent highs. The profit/loss ratio of the deal is two to one.