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$SOL testing channel support after selloff into structural floor.
Price slid through intraday structure and tapped the lower boundary of the broader descending formation where reactions previously emerged.
📉 Technical View:
• Pattern: Descending channel with wedge exhaustion near support
• Bias: Bullish rebound may build as long as price defends the channel floor
• Key Level: Watch support near $74 and resistance around $84
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⚠ If price loses the lower boundary and sustains below recent swing lows, the recovery scenario could quickly deteriorate.
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