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Solana Hits Three-Month Low—But a SOL Recovery Could Be Near

  • Solana (SOL) has fallen to a three-month low of $160 as bearish sentiment peaks and technical indicators signal weakening selling pressure.
  • Increasing negative sentiment suggests a potential rebound, as extreme bearishness often precedes price recoveries.
  • Technical indicators, such as the RSI, indicate diminishing selling pressure, fueling optimism for a recovery.
  • Despite challenges like declining DEX volume, Solana's growing DeFi ecosystem and institutional interest bolster its strategic appeal.

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