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Solana Price Analysis: Will Bears Keep SOL Trapped Below $200?

  • Solana (SOL) struggles below $200, dropping nearly 17% from recent highs due to declining trading volume and memecoin scandals.
  • A drop below $170 is likely if SOL fails to hold above $180, while a breakout above $186 could indicate a short-term recovery.
  • Memecoin scandals and declining trading volumes impact Solana's price and investor confidence.
  • Approval of a Solana Exchange-Traded Fund (ETF) could provide a boost, but a bullish breakout remains uncertain.

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