CandleFocus This Is Why Solana’s (SOL) Fakeout Could Trigger a 13% Price Drop
2024-09-17
Author: Content Editor
Solana (SOL) recently broke above a horizontal trading channel but quickly retreated, indicating a fakeout. The coin's futures open interest has increased, and traders have maintained a bullish sentiment despite the price decline. Technical indicators suggest a potential extended decline, with the possibility of SOL falling below its support level. However, if demand increases, the altcoin could retest the resistance level and potentially rally.
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