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Solana Faces Headwinds as Short Positions Mount After All-Time High
- Solana (SOL) has experienced a 12% drop from its all-time high of $264.63.
- Short positions in Solana have surged to $6 billion, surpassing long positions.
- Key support at the 20-day Exponential Moving Average (EMA) will determine the next move.
- The market sentiment for Solana is currently bearish, with cautious or pessimistic perspectives dominating discussions.
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