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SOL’s patt...
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Coinjournal

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SOL’s pattern suggests the coin could drop to $120

  • Solana's native coin SOL is down 9% in the last 24 hours and might reach the $120 support level due to a bearish trend.
  • The head and shoulder pattern on the daily timeframe indicates strong bearish control over SOL.
  • Bitcoin's decline to $100k due to the Middle East crisis has negatively impacted SOL and other major cryptocurrencies.
  • SOL's current price is $128.6, with potential to test the $120 support level if the bearish trend persists.
  • The MACD and RSI indicators suggest that sellers are dominating the SOL/USD pair.
  • If market conditions improve, SOL could face resistance at $148 and $165 per coin.
  • The future trading of SOL remains uncertain.

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