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As Solana (SOL) trades at multi-year lows, some analysts have lowered their end-of-year targets. Meanwhile, other market watchers have warned that the altcoin risks another 50% correction after a bearish formation was recently confirmed.
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Solana Confirms Head And Shoulders Pattern
On Wednesday, Solana retraced nearly 10% in the daily timeframe, reaching a two-year low of $90. The cryptocurrency had been trading between $120 and $250 in the monthly chart since February 2024, retesting…
