Solana At A Crux: Will SOL Crash To $120 Accelerated By These Factors?

Quick Summary:

Solana Challenges: Centralization Claims, High Transaction Processing Failure Rate The upside momentum, looking at other developments besides candlestick formation, is fizzling out.

Related Reading: HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Crypto Recovery From the daily chart, SOL faces strong resistance at an August 8 high of $162.

A break below $142 in the daily chart sets the ball rolling for aggressive sellers targeting June and July lows of around $120.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: Solana Price Jupiter Gas Fees SOLUSDT Solana decentralization Solana Sol

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 07:30:28 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22085013

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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