There are no active buys on the chart, so far the price is moving in a narrow range.
The cryptocurrency is expected to continue its decline. "Traders are nervous about the value of SOL and the possibility of massive liquidations. SOL is a pledged asset that is likely to be liquidated as FTX/Alameda needs to raise cash. The entire Solana ecosystem has also been affected, affecting tokens created in the blockchain of the same name. In particular, the decentralized funding protocol Solend experienced a spike in liquidations, causing $3.5 million in debt on the platform.

After the previous impulse movement the price of the instrument fell by 75%.
For the given period of time we see the formation of the 9-18 range, we watch for the development of the situation.





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Beyond Technical AnalysisChart PatternsSOLsolanasolanausdtsolbtcSOLUSDsolusdtsolusdtlongTrend Analysis

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