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Solana Bearish Trend Deepens: Is $164 Support the Next Stop For SOL?
- Solana is experiencing mounting selling pressure and is approaching the crucial $164 support level.
- Technical indicators suggest a bearish outlook for SOL, with price trading below the 100-day SMA.
- The market outlook for Solana depends on its ability to hold the $164 support level.
- If the support level holds, a relief rally could push SOL towards key resistance levels at $240 and $260.
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