The article discusses the current trading situation of Solana (SOL) and its crucial support level at around $160. Analyst Daan suggests that if SOL can hold this support, it could lead to a rebound and potentially test the downtrend line that has limited its gains. Holding above $160 would signal strength and open the door for a potential rally, while a breakdown could lead to further downside. The article also mentions the importance of the 200 exponential moving average (EMA), with SOL currently trading above it, indicating short-term strength. Traders and investors are closely watching SOL's next moves to determine its short-term trend.



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