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Solana (SOL) Price Forecast for March 8th
Sellers continue to pressure a few days after the market rebound, according to CoinStats.
Sol/U.S. Dollar
The price of Solana (SOL) has decreased by 6.62% in the last 24 hours.
On the hourly chart, SOL is about to break the local support at $136.64. If that happens, the drop is likely to continue to $135 soon.
On the larger timeframe, the picture is also bearish. The price is approaching the important level of $ 130.65. If the bulls cannot seize the initiative soon, the accumulated energy may be enough to drop to the $110-120 zone.
From a mid-term point of view, the focus should be on closing the bar at $116.
card
If a breakout occurs, there is a chance to see the testing of the vital $100 area.
SOL will be trading at $136.65 at the time of publication.
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