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Solana At A Crux: Will SOL Crash To $120 Accelerated By These Factors? Newsbtc 15 Th08 2024

Solana At A Crux: Will SOL Crash To $120 Accelerated By These Factors? 📉

Solana has been a top-performing cryptocurrency recently, despite a retracement from its 2024 highs. Traders are optimistic about reaching new all-time highs above $260. However, immediate concerns loom.

The coin is currently moving sideways, indicating accumulation. On lower time frames, there's a head and shoulders formation, signaling potential weakness. Absent bullish action, SOL could drop below $142, targeting around $120.

Challenges include a security flaw and a high transaction failure rate. Analysts question Solana's decentralization, given a recent 'quiet' fix by developers. Approximately 65% of all transactions reportedly fail, undermining key selling points.

Nguồn: www.newsbtc.com ↗

Bài viết tương tự (171)

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Solana (SOL) Gains Momentum with Bitcoin’s Surge
Could Solana (SOL) Break Above $150 and Ignite an Uptober Rally? Coinotag 2 tuần trước
Could Solana (SOL) Break Above $150 and Ignite an Uptober Rally?
Solana’s Price Struggles: Could a Bullish Breakout Above $170 Hasten Towards $180? Coinotag 1 tuần trước
Solana’s Price Struggles: Could a Bullish Breakout Above $170 Hasten Towards $180?
Solana Price Surges Past $180: Indicators Suggest Potential for Higher Gains Amid Bitcoin Rally Coinotag 4 ngày trước
Solana Price Surges Past $180: Indicators Suggest Potential for Higher Gains Amid Bitcoin Rally
Solana (SOL) May See Price Rally as Negative Sharpe Ratio Suggests Potential Upswing Ahead Coinotag 3 tuần trước
Solana (SOL) May See Price Rally as Negative Sharpe Ratio Suggests Potential Upswing Ahead
Could Solana (SOL) Be Poised for a Rebound Towards $190? Analyzing Onchain Metrics and Market Trends Coinotag 3 tuần trước
Could Solana (SOL) Be Poised for a Rebound Towards $190? Analyzing Onchain Metrics and Market Trends
Solana (SOL) Price Surge: Bullish Momentum Points Towards $180 Level Amid Increased Trading Activity Coinotag 20 Th08 2024
Solana (SOL) Price Surge: Bullish Momentum Points Towards $180 Level Amid Increased Trading Activity
Exploring Possibilities: Could Solana (SOL) Break Above $150 Amidst Current Market Consolidation? Coinotag 3 tuần trước
Exploring Possibilities: Could Solana (SOL) Break Above $150 Amidst Current Market Consolidation?
Solana Price Reclaims $180 Amid Overbought Signals; Potential Pullback May Precede Next Upsurge Coinotag 4 ngày trước
Solana Price Reclaims $180 Amid Overbought Signals; Potential Pullback May Precede Next Upsurge