Dear All, $SOL
Solana (SOL) is currently trading in a consolidation phase after strong volatility, as reflected by tight candlestick ranges. Recent candles show buyers stepping in near key support levels, while selling pressure remains visible near short-term resistance. This price structure often indicates a potential breakout once volume returns. A strong bullish candle close above resistance could trigger renewed upside momentum. However, rejection wicks near the highs suggest traders should remain cautious. Solana’s movement remains closely tied to overall market sentiment and Bitcoin’s direction. As a high-beta altcoin, volatility can expand rapidly in either direction. Proper confirmation and risk management are essential when trading SOL.
⚠️ Not financial advice. Do your own research.
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