Solana's price has entered a technical bear market due to the recent crypto sell-off following the Federal Reserve's hawkish decision. However, the daily chart suggests that the coin may experience a rebound in the next few days. There are several bullish chart patterns forming, including a falling wedge and break and retest pattern. Solana also remains above key moving averages and support and resistance levels, indicating the potential for a bounce back and further gains. The network's strong fundamentals, such as its growing user base and substantial fee generation, contribute to its positive outlook. There are also hopes that a Solana ETF may be approved by the Securities and Exchange Commission.



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