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Is It Time to Be Bearish on Solana? Is The Current Rebound Insufficient to Sustain Bullish Expectations?

  • Solana price experienced a significant drop following a massive sell-off in the crypto markets.
  • Despite a rebound, there are concerns about whether the bullish expectations for Solana will be sustained.
  • The recent drop was attributed to comments by the Fed Chair on Bitcoin regulation.
  • The short-term price action suggests a consolidation phase for Solana between $198 and $186.

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