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Solana (SOL) Price Analysis: Risk of a Major Breakdown

Solana price started a fresh decline from the $34.50 resistance zone against the US Dollar. The price is now trading below $32 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $33.30 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear move below the $30.00 support zone. Solana price is trading below $33 against the US Dollar, similar to bitcoin....

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Solana (SOL) Price Analysis: Risk of More Losses Below $34

Solana price started a fresh decline from the $48 resistance zone against the US Dollar. The price is now trading below $40 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $42.00 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear move below the $34.00 support zone. Solana price is trading below $38 against the US Dollar, similar to bitcoin. SOL...

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Solana (SOL) Price Analysis: Bears Aim Move Below $60

Solana price extended decline below the $80 support against the US Dollar. The price is now trading below $80 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $67.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $68 and $74 to start a fresh recovery wave in the near term. Solano price is struggling below $80 against the US Dollar, similar to bitcoin. SOL could decline...

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Solana (SOL) Price Analysis: Bears In Control Below $92

Solana price extended decline below the $92 support against the US Dollar. The price is now trading below $90 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $90.00 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $90 and $92 to start a fresh recovery wave in the near term. Solano price is struggling below $92 against the US Dollar, similar to bitcoin. SOL could decline...

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Solana (SOL) Price Analysis: Risk of Break Below $95

Solana price extended decline below the $100 support against the US Dollar. The price is now trading below $100 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $98.20 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $100 and $102 to start a fresh increase in the near term. Solano price is struggling below $100 against the US Dollar, similar to bitcoin. SOL could decline...

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Solana (SOL) Price Analysis: More Gains Possible Above $110

Solana price extended decline below the $100 support against the US Dollar. The price is now back above $100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $102 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $110 to continue higher in the near term. Solana price is recovering above $100 against the US Dollar, similar to bitcoin. SOL could gain pace if there is a...

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Solana (SOL) Price Analysis: Bulls Struggle Near $100

Solana price started a fresh decline from the $120 resistance against the US Dollar. The price is now trading below $110.00 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle forming with support near $124 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $108 to start a decent recovery wave in the near term. Solano price is struggling to stay above $100 against the US Dollar, similar to...

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Solana (SOL) Price Analysis: Key Support Sits At $120

Solana price started a fresh increase above the $110.00 level against the US Dollar. The price is now trading above $110.00 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $123 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $132 to continue higher in the near term. Solano price is losing pace above $120 against the US Dollar, similar to bitcoin. SOL could extend decline...

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Solana (SOL) Price Analysis: Rally Could Extend Above $115

Solana price started a fresh increase above the $100.00 level against the US Dollar. The price is now trading above $100.00 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $108 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $115 to continue higher in the near term. Solano price is gaining pace above $105 against the US Dollar, similar to bitcoin. SOL could extend gains if it...

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Solana (SOL) Price Analysis: Bulls Face Uphill Task

Solana price started a fresh decline from the $90.00 zone against the US Dollar. The price is now trading below $85.00 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $83.85 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $84.00 and then $85.00 to start a fresh increase in the near term. Solano price is struggling to settle above the $85.00 resistance against the US...

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