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Solana's Brief Bullish Shift Proves to be a Liquidity Hunt as Bears Remain Dominant

The writer's opinion is presented, but it should not be taken as financial advice. The market structure briefly shifted towards bullishness, but it was actually a liquidity hunt and bears remain dominant. While a brief upward move is possible, the market is firmly bearish and Solana's recent climb above $22 was short-lived.

The RSI shows bearish momentum and the sentiment remains bearish, with SOL likely to drop towards the $18.66 level in the coming days.

Solana Solana $236.16
-6.65%
Solana
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