đšSolana (SOL) Monthly Gains Are in Play, Sharp Drop Anticipated đ
đ° Solana price faces the risk of a deeper drop after failing to break above the $160 level.
A drop below $150 could lead to a 10% decline, mirroring past patterns of double-digit corrections. Key indicators such as the Chaikin Money Flow suggest increasing selling pressure, supporting a bearish outlook.
Solana faces a breakdown as bearish signals emergeCurrently, Solana price stands at $153.10, reflecting a modest 1.20% decline over the past 24 hours.
âïž Historically, similar moves in SOL price have often led to steeper declines. In August, when SOL hit the $153 mark, it quickly lost 15% of its value, falling to $129.35.
September saw a similar pattern with a 12% drop, while October followed the same path with a 10% drop under comparable conditions.
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