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Blockonomi

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Solana’s Next Move: Why SOL Price Could Bounce Hard from $140 Level

  • Solana's price action reflects a rejection at $182 resistance, forming a cup and handle pattern, with support expected near $140-$145.
  • Network activity on Solana remains strong despite price declines, indicating potential price recovery.
  • The $140 level is crucial, as holding it could trigger bullish breakout attempts ahead.
  • Technical analysis suggests a potential reversal from the $140 level, with network metrics supporting a positive price outlook for SOL.

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