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<p>In a post made by BulletproofTraders on TradingView, the analyst points to a critical resistance level for Solana at $156.70. According to their analysis, this level has become a focal point as current price action approaches it.</p>
<p>They express a belief that if the price fails to maintain above this resistance, it is more likely to reverse direction and decline toward significant support at $137.65.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-warns-sui-price-might-face-a-correction-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Analyst Warns SUI Price Might Face a Correction – Here’s Why</a></em></strong></p>
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<p>The ongoing analysis indicates that the price is already attempting to break above a key trendline. If Solana closes below the $156 resistance today, <a href="https://www.tradingview.com/chart/SOLUSD/N6HEgsDq-SOLANA-Sell-Idea/" target="_blank" rel="noopener noreferrer nofollow">BulletproofTraders predicts</a> a potential drop to $147, followed by a further decline to the $137 level.</p>
<p>Conversely, if the price manages to break above the $156 threshold successfully, there could be an opportunity for a continued rally to higher price levels.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-sol-could-see-double-digit-decline-if-price-closes-below-key-resistance-today/" rel="noopener noreferrer nofollow">Solana (SOL) Could See Double-Digit Decline If Price Closes Below Key Resistance Today</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana (SOL) Could See Double-Digit Decline If Price Closes Below Key Resistance Today

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