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Solana Slips To $209: Rising Bearish Pressure Threatens Key Support

  • Solana is facing increasing bearish pressure, threatening the key support at $209.
  • The $209 level is crucial for the bulls to defend and regain control of the market.
  • Recent price movements show Solana approaching the $209 support level, despite remaining above the 100-day SMA.
  • The negative sentiment and decline in the RSI suggest potential further downside for Solana.
  • Two potential scenarios include a rebound from $209 or a further decline towards $194 and the 100-day SMA.

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