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Solana has witnessed intense pressure for sale, as it has now been circulated at its lowest levels since November 2024 and erase all the gains from the post -election rally. Once Solana is now facing a leading company in the Altcoin market, serious risks, as the euphoria of Meme, which nourished its rise, has turned into a bloodbath, raising concerns about its long -term sustainability.
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The speculative frenzy surrounding the Metal currencies initially led to the emergence of huge treatment and liquidity sizes of the Solana ecosystem. However, as the noise continues and the main sales continues, the effect now weighs greatly on the movement of the Sol prices. Analysts suggest that the rapid speculation and liquidation cycle has left Solana vulnerable to more negative aspect.
Jelle, a Crypto analyst, shared an analysis on X, and revealed that Sol took out its lowest levels, but she managed to close above its lowest levels, indicating a potential relief step. Gil emphasized that this could be a decisive moment for Sol, because the main restoration levels can ignite strong recovery. However, the coming days will be very important, as the market is awaiting confirmation of the apostasy or the negative side. Investors closely monitor Solana's price procedures, swinging the edge of the main step.
Solana testing levels of critical demand
Solana has faced great pressure for sale since his arrival to his highest level ever in late January, where he is now struggling to recover it amid a wider contraction in the Altcoin market. Negative feelings still dominate the mad coin that had turned as soon as Solana's growth was responsible for responsibility, which leads to a decrease in liquidity and the investor's confidence.
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The rapid height and the fall of Meme speculative currencies on the Solana network have created an unstable trading environment, where traders are reluctant to re -invest in the ecosystem. This shift led to a decrease in decentralized exchange volumes (DeX), which exacerbated Solana's struggle to maintain the upscale momentum. The basics of the network are still strong, but price procedures indicate that investors are growing careful.
An analysis of a generation on x He reveals that Seoul has brought out his lowest level, but he managed to close its lowest levels. While this indicates a possible relief step, it is far from confirming complete recovery. A generation wants to see a strong boulevation from here – with Sol's $ 185 recovery before the end of work on Friday.
Traders and investors are closely witnessing the candle for 3 days and weekly to determine the main step for Solana. The successful restoration of the level of $ 185 can restore confidence and pay the price about 200 dollars. However, failure to do this may lead to more negative pressure, as Solana is still vulnerable to the broader market movements and the continuous volatility in the Mimi currency sector.
Sol price tries to restore the main levels
Solana (Sol) is currently trading at $ 173, and the highest decisive support level is held $ 170. The bulls must defend this price to keep the momentum in the short term and prevent deeper correction. The batch is above the brand of $ 185 is essential to recovery, as this level is in line with the 200 -day moving average, and it is a long -term strength indicator. Restoring this level would indicate a transformation in the momentum and open the door to move with a stronger heading head towards higher resistance levels.
However, if Sol fails to press over the brand of $ 185 in the coming days, the pressure pressure may increase, which leads to another contraction. Bears remain in control as long as the price remains less than this critical threshold, and rejection may lead to $ 185 to increase the negative side, which may reconsider the support about $ 160 or less.
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The coming days will be very important for Solana, as traders monitor the confirmation of reflection or the continuation of the downward trend. The collapse above $ 185 can save the necessary momentum to restore its upper path, while failure to restore this level is likely to lead to more losses. Market morale is still fragile, as investors closely monitor the price procedures for any signs of sustainable recovery.
Distinctive image from Dall-E, the tradingView graph
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