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Solana (SOL) Extends Decline Near Support Levels
The value of #SOLUSDT has dropped to $150.64, marking a decrease of 3.18% or $4.95 over the past 24 hours. In that time, the trading volume was approximately 417.5 million, which is 7.6% lower by 34.4 million. The highest price during this period reached $157.97, down 4.64%, while the lowest held steady at $150.64. Meanwhile, Bitcoin (BTC) is valued at around 104,595, slightly down by 0.86% or $905, with a dominance of 64.22%, up marginally by 0.07. This indicates a short-term downward trend with reduced trading activity and relative stability in the lower bounds of its recent trading range.
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AI Analysis
The recent price action of Solana (SOL) signals a bearish trend with a 3.18% drop over the past day, suggesting increased selling pressure. The decline from an intraday high of $157.97 to a low of $15...
AI Recommendation
Given the current bearish momentum and declining volume, it is advisable to adopt a cautious stance towards Solana (SOL). Short-term traders might consider waiting for further confirmation of a trend ...
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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