Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce

by Aurelia Butler 23 January 2022, 00:00 199 Views

The chart below shows that SOL price rallied to nearly $217 in September 2021, dropped to a support level near $134 and then moved to establish a new record high of $260 in November 2021. Earlier this week, the price fell back to test the same $134-support level before breaking to a 2022 low at $87.73.

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Source: Cryptocurrency - investing.com

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Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce

What are flash loans in DeFi?

Bitcoin falls to $36K, traders say bulls need a ‘Hail Mary’ to avoid a bear market

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