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Solana Approaches Critical Support, Potential Rebound on the Horizon
Solana has experienced a significant 13% decrease over the past week, bringing the price back to a key on-chain support zone. This level, between $145 and $147, is notable because it contains a substantial number of tokens acquired at this price point, indicating potential buying interest. The retest of this support could trigger a rebound if buyers step in, especially considering that many investors purchased at or above these levels and might view this decline as a temporary dip or a strategic entry point.
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AI Analysis
The recent decline in Solana's price to the support range of $145-$147 is a pivotal moment that merits close attention. The on-chain data suggests that this zone holds a large supply of tokens, indica...
AI Recommendation
Given the strong on-chain support at $145-$147 and the significant supply held at this level, it would be prudent for investors to monitor for signs of buying pressure. If bullish signals emerge, cons...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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