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Solana’s Uptrend In Sight? Gaussian Channel Support Points To Potential Price Reversal

Bitcoinist LogoBitcoinist11h ago

Solana’s Uptrend In Sight? Gaussian Channel Support Points To Potential Price Reversal - Bitcoinist

Quick Summary:

Solana is caught in a period of continued bearish performance due to the notable decline in the broader crypto market, with its price plummeting by nearly 23% in the past week.

Meanwhile, certain developments such as meme coins fatigue and the massive $1.7 billion SOL token unlock this weekend present robust bearish pressure for the asset.

Investors’ waning confidence and interest are also reflected by a sharp decline in SOL transfer volume, indicating reduced network activity.

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Solana’s Uptrend In Sight? Gaussian Channel Support Points To Potential Price Reversal - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 17:30:43 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26480167

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Solana’s Uptrend In Sight? Gaussian Channel Support Points To Potential Price Reversal" was covered 11 hours ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 13 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/solanas-uptrend-in-sight-gaussian-17406776114491

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