Solana (SOL) in Danger! Are the Bulls Losing Their Last Strongholds?

Attention! The bullish rebound scenario for Solana (SOL) has failed miserably, and the price is retreating after a strong rejection near $150.

Does this mean the end of the uptrend?

A look at the current situation:

• Critical Rejection: Solana fails to surpass the key resistance area near $150.

• Weak Momentum: Signs of weakness are showing in the price action.

• Bears in Control: Unless the price reclaims the $148-150 area strongly, a decline is most likely.

Influencing Factors:

• Geopolitical Tensions: Escalating tensions between Israel and Iran increase uncertainty.

• Economic Uncertainty: Investors are awaiting decisions from the Federal Reserve.

• Solana ETF Fund: Potential approval could change the game, but the likelihood remains uncertain.

What’s Next?

• Key Resistance: The $148-150 area is crucial for the uptrend.

• Critical Support: If the price drops, it may test lower levels.

• ETF Approval Probability: Could lead to a significant increase in the price of SOL.

Caution is Required! The markets are volatile, and the situation is unstable. Stay tuned for developments! $SOL

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