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Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

  • Solana is consolidating in a tight range between $145 and $160, with buyers struggling to push the price higher.
  • Analysts note Solana's current presence within a rising channel pattern, signaling potential for a breakdown to lower demand zones if support fails.
  • Market watchers are closely monitoring Solana as it holds above key support levels, with a breakout above $160 seen as crucial for bullish momentum.
  • Solana's price action suggests caution is warranted, with a breakdown from the rising channel possibly targeting the $128.50 support area, while a successful breakout above $160 may lead to retesting local highs.

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