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Solana Slumps to $220: What Can We Expect from SOL This Week? - CryptoNewsZ

Author: Content Editor
Solana (SOL) has seen a correction in its price, declining 6.4% in the past 24 hours and 8.3% over the week. Despite this, it maintains a considerable market capitalization of $105.5 billion. The current market sentiment is mixed, with technical indicators suggesting a neutral outlook but the Fear & Greed Index showing "Extreme Greed." Solana has had a positive performance rate of 47% in the past 30 days, with 14 green days out of 30. Coincodex predictions indicate potential for recovery, with a projected 12.65% increase by January 2025. This correction is seen as a potential buying opportunity, although caution is advised due to market volatility. Traders and investors may find current levels attractive for accumulation, but they should be mindful of potential short-term price weakness.

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