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Solana Price Prediction: Is Price Set to Consolidate in Coming Days?



  • Solana faces resistance at $120 after a steady climb.

  • SOL forms a short-term top, echoing Bitcoin and Ethereum declines below $112 support.

  • SOL is currently within a Descending Channel pattern on its daily chart.

  • Potential breakdown below the 50 Day MA could trigger panic selling toward $68.

  • Despite a bullish weekly chart, market slump prompts a retest phase for Solana.

  • SOL struggles below $100, grappling with increased supply after losing psychological

  • A 20% drop in two weeks and higher price rejections in weekly candles signal a potential downtrend continuation.

  • Sideline buyers eye $100 breakout as an entry point, targeting upside potential to $125.

  • According to Coingabbar's analysis, a drop below the 50-Day MA at $88.50 may push SOL to $68.

  • Coingabbar's analysis suggests that Solana Price Prediction 2030 could reach a minimum of $270.

  • Coingabbar's analysis suggests that Solana Price Prediction 2040 could reach a minimum of $500.

KEY LEVELS :


RESISTANCE LEVEL : $98-$104


SUPPORT LEVEL : $91-$87


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