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- Solana worth bears the brunt of a DDOS assault over the previous few days.
- SOL worth is teasing a bear pennant breakout on the four-hour chart.
- SOL bears goal $135 on a draw back affirmation as RSI stays bearish.
Solana worth gears up for a giant technical breakdown
Solana’s newest consolidation that follows the earlier sell-off carves out a bear pennant formation on the four-hour chart, preserving the sellers cheerful. If SOL bears handle to discover a sturdy foothold under the rising trendline help at $168 on a four-hourly candlestick closing foundation, then it might validate the draw back breakout from the bear pennant. SOL worth will eye deeper losses in the direction of the sample goal measured at $135. The bears will, nonetheless, problem the bullish commitments on the December 11 lows of $161 and the $150 psychological stage beforehand. The 14-day Relative Power Index (RSI) seems to be south under the 50.00 stage, permitting room for extra declines.
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