Solana (SOL) on the Verge of 16% Price Crash Amid Social Media Optimism
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Solana (SOL) is experiencing a potential price correction with technical indicators suggesting a possible 16% decline. Despite high social media sentiment and positive developments like GameStop and BlackRock integrations, the cryptocurrency faces critical support levels around $125. Analysts warn of potential further downside if key resistance levels are not maintained.
March 28, 2025 | 12:45 pm
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SOL is trading at $130.75, facing potential downside risk if $125 support level is breached. Technical indicators suggest possible decline towards $105 or even $58.
Multiple technical indicators (ascending wedge pattern, RSI, Bollinger Bands) suggest bearish momentum. Failure to maintain $125 support could trigger significant price decline.
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