Solana's recent rally is losing momentum and facing a pullback, indicating a potential correction towards the $209.9 support level. Bulls have failed to maintain prices above $223, leading to growing selling pressure and concerns about the strength of the current uptrend. The $209.9 support level will determine the next price movement, with a breach triggering deeper corrections and impacting market sentiment. Traders should watch for the outcome of this crucial test, as it could have significant implications for short-term price movement. Technical indicators suggest a slowdown in buying pressure and a potential retracement to $209.9, offering bulls an opportunity to consolidate and prepare for a rebound. Key support and resistance levels to watch are $209.9, $194, $164 on the downside, and $240, $260 on the upside. A breakout above the resistance levels could signal continued strength and an extended upsurge.
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