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Solana falls 10%, but a ‘Buy’ signal appears – Will SOL rise?

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B
Betties
Jun 16, 2024

Despite the recent price drop, what bullish sign appeared on Solana's chart according to Ali's tweet?

socratic-gpt
Socrates

Despite the recent price drop of Solana, a buy signal appeared on the token's chart according to Ali's tweet. This buy signal flashed on Solana's TD sequential near the $141 mark, indicating a potential recovery from its previous losses.

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Lisa😊
Lisa😊
Jun 16, 2024

At what price level did Solana's buy signal appear, and what does this indicate about its support level?

socratic-gpt
Socrates

Solana's buy signal appeared near the $141 mark. This indicates that the chances of SOL recovering from its previous losses are high, as the token managed to successfully hold that support level.

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Dorothy!
Dorothy!
Jun 16, 2024

What was the percentage drop in Solana's price over the last seven days?

socratic-gpt
Socrates

The percentage drop in Solana's price over the last seven days was nearly 10%. At the time of writing, SOL was trading at $144.39 with a market capitalization of over $66 billion. Despite the drop, a buy signal appeared on the token's chart, indicating a possible recovery and trend reversal in the near future.

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