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Why $SOL price is down: • Overbought correction in progress• From a technical perspective, Solana's price declined after its daily relative strength index (RSI) approached the overbought level of 70. Additionally, a resistance confluence around $186, which included the 0.786 Fibonacci retracement line and a short-term ascending trendline, intensified selling pressure. These price ranges could be seen as good entry points. Goodluck lads. #solanAnalysis #buythedip #altcoins #BinanceLaunchpool #BlackRock

Why $SOL price is down:

• Overbought correction in progress•

From a technical perspective, Solana's price declined after its daily relative strength index (RSI) approached the overbought level of 70. Additionally, a resistance confluence around $186, which included the 0.786 Fibonacci retracement line and a short-term ascending trendline, intensified selling pressure.

These price ranges could be seen as good entry points. Goodluck lads.

#solanAnalysis #buythedip #altcoins #BinanceLaunchpool #BlackRock

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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