Solana (SOL) is currently facing a challenging period, as it struggles to maintain upward momentum in a bearish pattern. The price has experienced a significant decline, leading to uncertainty in the market. Network activity has slowed, with active addresses reaching a five-month low, indicating waning investor confidence. The lack of growth and a clear bullish signal has made investors skeptical about SOL's near-term prospects. Key technical indicators suggest that bearish momentum dominates Solana's price action, and unless there is a significant shift in sentiment or a favorable market catalyst, SOL may continue to face downward pressure. The current price drop of 7% and the break below the ascending wedge pattern indicate a potential further decline. If Solana loses support levels, it could face a deeper decline. On the other hand, if it manages to bounce off support and breaches key resistance levels, it could regain upward momentum and pave the way for a stronger recovery.



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