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Solana Falls, 13%; Will it be able to recover from the analyst's forecast of $1,000?

The recent ups and downs of the cryptocurrency market have taken Solana ($SOL SOL) with them. The 13% decline in SOL over the past week has investors worried about the future after a stunning rally earlier in 2024.

Patel, a technical analyst, believes he may have finally discovered the future of fast blockchain technology, and that it's a cold drink. The famous “cup and handle” pattern, a bullish indicator that resembles, well, a cup and its handle, was identified by Patel when he examined the weekly SOL/USDT chart.