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Despite the current turmoil in the market, it appears that Solana’s price is poised for a rebound. Market data suggests that SOL may be oversold, with the Relative Strength Index (RSI) currently at 36 on the daily chart, indicating that a reversal might be imminent.
While the recent decline has been substantial, there are some indications that the tide could turn in favor of Solana’s price. The adoption of the Solana whale shows promising signs, potentially signaling the start of a shift towards a more positive outlook for SOL.
It is essential to keep an eye on trends such as this, especially considering the current market conditions.
Source: https://u.today/201755-solana-sol-stun-worlds-largest-crypto-exchange
