Although the Solana price has seen a recent bounceback, rising nearly 10%, its future remains uncertain due to market volatility. Once upon a time, SOL enjoyed the fourth-largest crypto crown. But now its market value has dropped by a depressing $22 billion. Its price has also seen a 19.76% correction, leaving an inverted cup and handle pattern and setting the stage for bearish tendencies. If bears continue dominating SOL’s trajectory, the crypto may crash below its crucial support of $181.50. Conversely, in the unlikely event of SOL experiencing a bullish trend, its price may test the $155 resistance.
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