Solana (SOL) appears poised for a 12% drop as it lost vital support after facing four days of consecutive losses. Following the breakdown of the $22.38 support level, a potential 12% decline is predicted, bringing the price down to $18.8. Despite this, there's a possibility of a minor pullback as indicated by the candle pattern in the daily chart, suggesting buyer's efforts to counteract the downtrend. The daily timeframe's downsloping trendline is a key factor to watch, serving as dynamic resistance. Until this trendline is overcome, the correction might persist, requiring a breakout for a potential trend reversal.
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