Solana

<h2 id="span-data-font-font-size-style-font-size-20px-solana-is-trading-above-50-against-the-us-dollar-mirroring-bitcoin-s-span-br">Solana is trading above $50 against the US Dollar, mirroring Bitcoin's </h2>
<ul>
 <li>Solana's price decreased by 3% in the last 24 hours,following a market-wide downturn triggered by Binance's settlement with the US Department of Justice yesterday.</li>
 <li>Solana's SOL experienced notable volatility, reaching highs near $0.70 but subsequently dropping to approximately $55, partly influenced by the SEC's actions against Kraken.</li>
 <li>The sellers are gearing up for a guerrilla maneuver to seize control, capitalizing on the emergence of a bearish continuation pattern in the Solana price chart.</li>
</ul>
<h3 id="span-span-data-font-font-size-style-font-size-18px-technical-views-span-span">Technical Views:</h3>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Price Analysis</a>, The weekly chart of Solana is currently in the process of generating a TD Sequential sell signal.</li>
 <li>The SOL price trend indicates a potential bearish reversal signaled by an inverted head and shoulders pattern.</li>
 <li>Following a panic sell-off, the bulls successfully maintained support at the trendline and a key psychological level around $50.</li>
 <li>If buyers can maintain momentum, the bullish rally may retest the $75 mark.</li>
 <li>On the flip side, a reversal below the psychological $50 mark, coupled with a breakout below the trendline, could lead to a decline in prices to the $44-$45 range.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $56.00-$58.00
SUPPORT LEVEL : $53.00-$50.00
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

SOLANA TECHNICAL ANALYSIS CMP-DOLLAR 54.70: Is the bull market ended

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