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Solana [SOL] might see an extended decline unless the bulls…

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceSolana’s [SOL] recent movements corresponded to the fear sentiment as it dipped below its south-looking EMA ribbons.

While the altcoin invalidated the bullish tendencies and broke down from its falling wedge, the $28-mark support has provided immediate grounds.A close above the six-week trendline resistance could open up short-term recovery opportunities, provided the bulls continue to boost the buying volumes.

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