However, if the pressure continues and a breakout occurs, the fall may get to the $0.70 mark next week.From the technical point of view, the rate is located in the middle of the wide channel between the support at $336 and the resistance at $443. Until the price is below the important $400 mark, bears remain more powerful than bulls. In this case, there is a high possibility to see the test of the $336 mark soon.
Currently, the price is below the level of $86, which means that sellers prevail over buyers. If nothing changes and bulls cannot seize the initiative, there is a chance to see a continued decrease below the vital $80 mark. Such a scenario is relevant until the end of the upcoming week.Solana remains weak as it could not come back to the zone around $100. At the moment, it is approaching the support level at $75.
Source: News Formal (newsformal.com)
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