Can Solana’s price see a reversal? Yes, but only if…

Solana is at a critical price level after a pullback from the demand zone to around $155 support level. What will SOL do now?

Metrics suggested that a reversal could happen if certain conditions are met.continues to draw attention in the cryptocurrency market as recent price movements ignited debate among the traders and investors.

At press time, Solana was consolidating in a bullish pennant, which indicates an impending upward breakout. The stochastic RSI in near oversold levels, suggesting a potential bullish reversal in enough bullish momentum builds up.AMBCrypto analysis of Santiment’s recent volume and development activity highlights a significant decrease in SOL’s trading volume since it peak in late 2021 and early 2022.

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