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Solana (SOL) price has possibly formed a bottom around $100 on multiple time frames, a setup that could help SOL price recover toward $260 in the long term.
Key takeaways:
SOL must break several resistances before $260
SOL’s price action has led to the appearance of a possible V-shaped recovery pattern on the four-hour chart.
This follows a sharp drop that saw SOL price fall 25% from a high of $127, which was stopped by buyers around the $100 support level.
