Solana price: Amid the current market correction, the layer 1 cryptocurrency Solana is grappling to sustain above the $205 barrier. This overhead supply has rejected the price recovery twice within three weeks, showing the formation of a double-top pattern. This bearish pattern formation after an over-extended rally hints the SOL holders could see a notable correction ahead.
Also Read: Grayscale Solana Trust Hits Record Premium Amid Bull Run
Will SOL Price $150 Support?
Solana Price| Tradingview
From the late January bottom of $80, the Solana (SOL) Price Prediction for April 2nd – Is Solana (SOL) price ready for further growth long-term? has witnessed an aggressive rally which propelled its price 166% to hit a 27-month high of $210. However, the recovery trend shifted sideways below this resistance amid the broader market consolidation.
On April 1st, the SOL price showcased its second reversal from $205 resistance, leading the 12% downfall trade at $179.8. According to the derivative
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