In its latest market review, cryptocurrency analytics company MakroVision addressed the short-term technical outlook for Solana ($SOL).
According to the analysis, the $SOL price has started to show its first reaction at key support levels after the recent selling pressure, but the overall structure remains fragile.
According to MacroVision’s assessment, Solana came under pressure in the short term, falling below the $126 level, and selling pressure paused around the $117 region. Analysts argued that the rebound at this level was technically significant and indicated a support area that was defended for the first time. They also noted a noticeable weakening in the downward momentum.
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