Solana has experienced a recovery of 4.24% in the crypto market, surpassing the $175 mark. Technical indicators suggest a potential reversal, with the formation of a Morning Star pattern and a bullish engulfing candle. The SOL token is currently trading at $175.70, struggling near the 38.20% Fibonacci level. A potential breakout above $180 could lead to a challenge of the $200 psychological mark and a V-shaped recovery to the $260 supply zone. A crypto whale has shown confidence in Solana by purchasing a significant amount of SOL tokens and staking them, potentially strengthening Solana's price. However, the daily timeframe still indicates a selling opportunity and Solana must hold above $159.47 as crucial support to avoid further correction.



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