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SOL consolidates near local highs – is a reversal imminent?
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Solana [SOL] continued consolidating near local highs, showing buyers aren’t exiting just yet. Despite last week’s network outage, SOL didn’t drop below the support; a retest could offer ideal buying opportunities.
Read Solana;s [SOL] Price Prediction 2023-24Source: SOL/USDT on TradingView The daily chart showed that the Relative Strength Index (RSI) sliding below the 50-mark, which signified a bearish sentiment at press time.
Similarly, the OBV (On Balance Volume) declined gently, indicating limited buying pressure, which could further tip the scale in favor of the bears.
Read more on ambcrypto.comAbout this in other media
Ripple (XRP), Solana (SOL) and Orbeon Protocol (ORBN) remain investor favorites - Here's why cryptonews.com /2 months ago
Solana (SOL) Price Prediction 2025-2030: Is $30 in sights for the year 2023? ambcrypto.com /2 months ago
Price analysis 3/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB cointelegraph.com /2 months ago
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