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Solana Bearish Continuation: $118 Support, The Last Barricade Against Deeper Correction

  • Solana's price is facing bearish pressure and threatens to drop below the critical $125 support level.
  • The bearish triangle formation on the Solana price chart suggests a continuation of the downward trend, with $118 support in focus.
  • If the support at $118 is broken, it may trigger further declines, targeting $99 and potentially $79 as subsequent support levels.
  • A rebound is possible if the $118 support holds, supported by historical demand and potential positive news on Solana's ecosystem.

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