Solana Sustains Within a Bullish Structure

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Over the past couple of days, the SOL price has been facing huge bearish pressure as the sell-offs escalate, bringing the price close to $145. The token is forming consecutive lower highs and lows, hence displaying the rising dominance of the bears. Although the token is believed to maintain a descending trend and reach out to the local support, it remains within a huge bullish pattern.

As seen in the above chart, the SOL price is trading within a massive cup & handle pattern wherein the selling pressure is yet to fade. Besides, the CMF has remained stuck below the average since the start of the month, suggesting no major money flow into the token. On the other hand, the RSI is heading towards the lower threshold, dragging the SOL price close to $143 or $140, which could act as a base to trigger a rebound. If it fails to do so, the price may test the support of the channel at $133, which is one of the most pivotal ranges.

Therefore, the hopes for a strong upswing continue to remain high for the Solana (SOL) price rally as long as the support at $133 is held strongly.$SOL