Recently, the price movement of Solana (SOL) has shown significant fluctuation. On the technical side, the MACD indicator indicates a deepening death cross trend, while the green histogram rapidly expands, releasing a large amount of accumulated momentum.



After reaching a high of $213.66, SOL experienced a sharp decline, breaking through the lower limit of the consolidation range on the 1-hour chart. Currently, the key support level at $198.20 is under pressure, and if it breaks, it may trigger further downward movement.

For short-term traders, the $201-$203 range may offer an entry opportunity. However, be cautious of potential downside risks, with $190 and $183 possibly becoming the next target price levels.

In this highly volatile market environment, risk management is crucial. Traders should develop appropriate stop-loss strategies based on their own risk tolerance and financial situation to cope with potential drastic price movements.

Overall, Solana is currently in a key price range, and investors need to closely monitor market trends and take adequate risk prevention measures.
SOL-4.65%
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Hash_Banditvip
· 7h ago
seen this pattern back in the mining days... difficulty adjustment incoming fr
Reply0
DiamondHandsvip
· 7h ago
Fall, just fall, how much lower can it go?
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liquiditea_sippervip
· 7h ago
buy the dip opportunity
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ValidatorVikingvip
· 7h ago
battle-hardened validator watching sol dance like a rookie in valhalla... seen worse dips tbh, just another test of network resilience
Reply0
SneakyFlashloanvip
· 7h ago
Is this small fall really considered a big fluctuation?
View OriginalReply0
NFTRegretDiaryvip
· 7h ago
Bought the dip again, just sold, what a disaster.
View OriginalReply0
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