Solana Price Plummets: Bearish Indicators Signal Further Drops Below $100
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Solana's price has breached critical support levels, indicating possible extended declines. Key technical indicators such as the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) point to bearish momentum persisting. On-chain metrics also align with this negative outlook, suggesting that Solana might continue to experience price drops.
Analysts are closely monitoring these indicators and on-chain activities to gauge the cryptocurrency's next movements. Investors are advised to stay cautious during such significant downturns.
Potential external factors contributing to Solana's trend include market sentiment and macroeconomic conditions, which might exacerbate the downward movement.
Source : en.coinotag.com ↗
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