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Vladislav Hryniv
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👀. According to U.Today: $SOL Gets Rejected Solana has recently seen a significant reversal on its chart. After a period of bullish movement, SOL faced rejection at the 26-day EMA and has since retreated sharply, breaking through what was a key support level. This has led to a drop below the anticipated support, bringing the next critical level into focus — the 100 EMA, standing at around $139. At the moment of report, SOL is trading at: - $143.48 on KuCoin exchange - $143.81 on WhiteBIT exchange - $143.82 on OKX exchange The current trading volume is on the decline, which might suggest a decrease in market volatility in the coming days. Amid a bearish trend, this decreasing volume could signal a slowing down of downward momentum, which, in the midterm, could be a positive sign for the asset. However, things are not that bad for Solana. If the price stabilizes and finds solid footing at the 100 EMA, it could offer a base for a potential rebound. If Solana manages to reverse course and climb back above the recent support-turned-resistance level around $150, it could aim for a retest of higher prices near the 26 EMA at approximately $160. The upcoming SOL move will be decisive. The descending volume, coupled with the price action, suggests that a midterm consolidation could be ahead.

👀. According to U.Today: $SOL Gets Rejected

Solana has recently seen a significant reversal on its chart. After a period of bullish movement, SOL faced rejection at the 26-day EMA and has since retreated sharply, breaking through what was a key support level. This has led to a drop below the anticipated support, bringing the next critical level into focus — the 100 EMA, standing at around $139.

At the moment of report, SOL is trading at:

- $143.48 on KuCoin exchange

- $143.81 on WhiteBIT exchange

- $143.82 on OKX exchange

The current trading volume is on the decline, which might suggest a decrease in market volatility in the coming days. Amid a bearish trend, this decreasing volume could signal a slowing down of downward momentum, which, in the midterm, could be a positive sign for the asset.

However, things are not that bad for Solana. If the price stabilizes and finds solid footing at the 100 EMA, it could offer a base for a potential rebound. If Solana manages to reverse course and climb back above the recent support-turned-resistance level around $150, it could aim for a retest of higher prices near the 26 EMA at approximately $160. The upcoming SOL move will be decisive. The descending volume, coupled with the price action, suggests that a midterm consolidation could be ahead.

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