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December 27, 2024

Solana Struggles Below $194 Resistance Level: What Comes Next?

Solana’s price action stands at a critical juncture. It currently hovers just below the pivotal $194 resistance level. This threshold has become a significant hurdle, evident as bulls struggle to maintain the momentum needed for a breakout. Despite recent attempts to push through this level, the market has shown hesitation, prompting discussions about potential consolidation periods. Investors are particularly watching to see how Solana navigates this challenging phase and whether it can regain upward momentum.

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