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5.8 SOL Analysis
Although activity on the Solana chain is high, the price has tested key resistance levels multiple times but has failed to hold steady, forming false breakouts that lure buyers. Currently, trading volume is shrinking, and the rebound lacks support from fresh capital. There are clear signs that major players are distributing positions by leveraging the on-chain “hot” activity. It is recommended to follow the trend to go short, rather than chasing longs.
Trading suggestion: Place at around 81-93, with the intraday target first at 80-83
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