Solana’s bearish swing broke below the $22.4 support level but bulls were making a quick recovery with 7% gains, as of press time.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
bearish momentum saw it break below the confluence of the $22.4 support level and the bullish order block over the past 48 hours. This was after the bullish defense of the level failed to withstand the selling pressure with price descending to the $19 region.Despite the bearish bias, bulls were attempting a quick recovery with 7% gains over the past 12 hours. A critical hurdle stands in the way of the bullish rebound at the new resistance level .
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