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Solana Teeters on the Brink: $135 Resistance Sparks Fears of 20% Plunge
Solana Teeters on the Brink: $135 Resistance Sparks Fears of 20% Plunge
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Solana's bulls are sweating as the asset flirts dangerously with a bearish breakdown. After failing to hold $135, traders are bracing for a potential freefall—one that could slice 20% off its value if support crumbles.
Blood in the water? The charts are flashing red. A textbook descending triangle formation suggests SOL's recent consolidation might just be the calm before the storm. And with Bitcoin's volatility sucking oxygen out of the altcoin market, Solana's 'Ethereum killer' narrative isn't doing it any favors today.
Remember when hedge funds swore technical analysis was astrology? Now they're drawing trendlines like Tarot cards. Either way, retail bagholders will be the last to know when—or if—the bottom drops out.
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