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$SOL
Solana (SOL) is trading at approximately $150.53
Over the past few weeks, SOL has experienced a decline from the $210 region, testing critical support near $150. Despite this downturn, technical indicators suggest a potential bullish reversal, with key moving averages signaling a possible rebound
Recent developments, such as the inclusion of SOL in the U.S. strategic crypto reserve alongside major cryptocurrencies like XRP and ADA, have positively impacted investor sentiment. Additionally, on-chain data reveals whale accumulation near the $150 level, indicating confidence among long-term holders
However, SOL faces resistance around the $170 mark, aligning with the 38.2% Fibonacci retracement level from its recent high of $210. A break above this level could signal a stronger recovery, while failure to do so might lead to further consolidation
#MarketRebound
#solana
Solana (SOL) is trading at approximately $150.53
Over the past few weeks, SOL has experienced a decline from the $210 region, testing critical support near $150. Despite this downturn, technical indicators suggest a potential bullish reversal, with key moving averages signaling a possible rebound
Recent developments, such as the inclusion of SOL in the U.S. strategic crypto reserve alongside major cryptocurrencies like XRP and ADA, have positively impacted investor sentiment. Additionally, on-chain data reveals whale accumulation near the $150 level, indicating confidence among long-term holders
However, SOL faces resistance around the $170 mark, aligning with the 38.2% Fibonacci retracement level from its recent high of $210. A break above this level could signal a stronger recovery, while failure to do so might lead to further consolidation
#MarketRebound
#solana
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