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⛓️ Crypto🔴 BearishImportance 6/10Actionable
Solana (SOL) Struggles After $93 Rejection: Bearish Flag Signals Potential Drop to $40s
🤖AI Summary
Solana (SOL) dropped 5.7% to $87 after facing rejection at the $93 resistance level. Technical analysis reveals a bearish flag pattern that could signal a significant decline to the $40-$45 range despite ongoing strong network activity.
Key Takeaways
- →SOL declined 5.7% to $87 following rejection at $93 resistance level
- →Technical analysis shows formation of a bearish flag pattern
- →Price target suggests potential drop to $40-$45 range
- →Strong network activity continues despite bearish price action
- →Current technical setup indicates significant downside risk for SOL holders
Read Original →via Blockonomi
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