Trading King
08/26 07:29
Solana Price Struggles at Wave (4) Zone
Solana Price Struggles at Wave (4) Zone
Crypto analyst More Crypto Online noted that SOL’s price is now challenging its wave (4) support zone. So far, no upside bounce has been validated, and the recent swift drop increases the possibility of a greater pullback. The analyst added that if SOL falls below the $192.39 level, it would confirm the bearish sentiment and could trigger further downside movement.
As large players support SOL with near-term risks noted by analysts, the market is positioned at a critical juncture. Should the billion-dollar fund come to fruition, it would solidify SOL’s long-term prospects; however, in the short term, the price action suggests that volatility may persist.
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