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𝐈𝐬 𝐒𝐨𝐥𝐚𝐧𝐚 𝐏𝐫𝐞𝐩𝐚𝐫𝐢𝐧𝐠 𝐟𝐨𝐫 𝐚 𝐑𝐚𝐥𝐥𝐲 𝐭𝐨 $𝟑𝟖𝟓?🎯🔥🚨

Currently trading at $189.43 (-7.13%), Solana ($SOL ) has faced a downturn since reaching its peak on November 22. The cryptocurrency has fallen below the critical 1-day MA50, reflecting weaker performance compared to Bitcoin's robust gains. While this scenario might seem concerning, it's a familiar pattern for Solana.

Drawing parallels to its July-August 2023 trend, SOL is mirroring the post-Channel Down correction from that period. During that phase, the price also dipped under the 1-day MA50 but subsequently regained momentum. Not only did it recover, but it surged past the 2.0 Fibonacci extension, achieving remarkable gains.

This recurring behavior suggests a potential rebound could be on the horizon. Buying at current levels with a target of $385 could prove to be a strategic move for those eyeing significant returns. The technical patterns are aligning, hinting at a possible repeat of Solana’s historical recovery trajectory.

What are your thoughts on SOL’s next move? Share your insights, follow us for more updates, and don’t forget to engage by leaving a comment!

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