Cryptocurrency
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TL;DR A rising variety of numerous traders have continued to get rid of their ETH holdings, which might…
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A broadly adopted cryptocurrency analyst and dealer is leaning bullish on an altcoin constructed within the Solana (SOL)…
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Cryptocurrency analysis of Solana (SOL) shows a key moment for the asset. The $120 support level is now a critical point. Recent data shows big bull liquidations and a drop in momentum. Traders are watching closely if SOL can stay above this important price. Technical indicators from TradingView show bearish trends. They suggest SOL might fall below $100 if $120 is not held. Market volatility and recent sell-offs have made people more careful about SOL’s future. Investors are balancing risks against possible rebounds. Solana price This moment is urgent for cryptocurrency analysis. If $120 is broken, selling pressure could increase, pushing prices down. This part looks at the reasons behind the uncertainty and what it means for traders. Key Takeaways SOL’s $120 support acts as a make-or-break zone for price stability. Technical data shows a high risk of a drop below $100. Bull liquidations signal a shift in market dynamics and investor mood. Cryptocurrency analysis tools like TradingView offer key insights into current trends. Market players are getting ready for possible volatility in the days ahead. Overview of Solana’s Recent Price Movement Solana (SOL) has been moving around the $102 mark. Recent trading has shown pressure below key resistance zones. Analysts using technical analysis tools like RSI and moving averages see a bearish trend. Data from crypto platforms shows SOL’s price hit $98 last week. It then rebounded slightly. Price remains trapped between $95 and $110 for months Volume contraction signals indecisive market sentiment 50-day EMA now acting as critical resistance at $112 Level…