SOL price drop to $120 looks likely, but there’s a silver lining 📉
SOL's price is showing signs of a potential drop to $120, influenced by a distinct head-and-shoulders pattern observed in the market. This bearish pattern is causing concern among investors about short-term price movements.
However, there is hope in the longer-term outlook for SOL as on-chain data highlights some bullish fundamentals. These positive indicators reflect resilience in the asset, despite the immediate concerns over price reduction. In conclusion, while the short-term scenario suggests caution, the long-term potential remains optimistic.
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