SOL risks falling below $70 amid bearish crossover despite SoFi expansion

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Solana (SOL) is facing a tense moment as technical signals and recent ecosystem developments paint a mixed picture. Despite notable strides in institutional adoption, the cryptocurrency shows signs of short-term weakness that could push its price toward critical lower levels. Bearish technical signals put SOL at risk The price of SOL has recently hovered around $79, but its momentum indicators suggest growing caution. A bearish crossover has emerged on the 4-hour chart SMA-20 dropped below the SMA-50. Historically, such crossovers have indicated that selling pressure may intensify, often leading to further downside.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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