Solana Drops 20% to Test Critical Support; Short Squeeze Targets $89

SOL5.48%
According to analysts Daan Crypto Trades and Emilio Crypto Bojan, Solana (SOL) has declined over 20% from a multi-month consolidation range over the past month, now testing a critical weekly support zone near $58-$60. The breakdown from the $79-$95 range has accelerated bearish momentum, with bulls facing a key test at this major demand area. Simultaneously, short-side liquidity is heavily concentrated near $89, creating a potential squeeze target if buyers regain control and push SOL back above resistance levels around $67 and $79.
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