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Key support — Bulls face significant resistance ahead
Solana has shown encouraging signs of stabilization after defending the major support region around $65–$70. The recent rebound has improved short-term momentum, but SOL continues to trade below all major moving averages and key Fibonacci resistance levels, maintaining a bearish trend on higher timeframes.
While buyers have regained some control near cycle lows, a confirmed trend reversal will require SOL to recover several important resistance zones above.
📈 Bearish EMA Structure
20 EMA: $72.16
#$Solana