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In light of the recent market downturn, Pal suggested that the current price drop might present a buying opportunity for those looking to increase their holdings of Solana."If you wanted a cheeky top-up of your SOL position, this would likely be a good entry zone," heposition, this would likely be a good entry zone... let see! The bananas are slowly ripening...but should be magnificent in the autumn.
On the other hand, if the price rebounds, a break above $157 or the daily SMA 50 barrier might prompt SOL to escape range trading in the short term.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.