Solanaâs False Breakout: Is the Rally Over?
On August 14, Solana tried to break above its previous high, but the move turned out to be a false breakout. The price quickly dropped to 180.80 within just three days.
It seems the bullish momentum is fading for now.
I believe the most Solana might do is retest the 187.50â191.50 zone before heading lower.
Based on the chart, the next support levels are around 174.80 and 160.
There's a chance it could fall even further, but that third target is more of a long-term scenario and will need to be reassessed in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
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