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Solana’s price has staged a sharp rebound after one of its steepest declines. After breaking down from its descending channel on February 4, SOL plunged nearly 30% to around $67. Since then, the token has recovered more than 15%, climbing back toward the $78 region.
At first glance, the bounce looks encouraging. However, on-chain data suggests that the rebound may be driven by short-term speculation rather than strong long-term demand. Historical patterns show that similar recoveries often fade quickly…
