🔸$SOL just had a spectacular rebound increasing by 6% to nearly $126 after hitting a dangerous bottom below $120. The main momentum came from the Solana Foundation launching a testnet against quantum computers and shocking news: Mangoceuticals announced it will spend $100 million to acquire $SOL .
🔸Although there is good news, the market is still on red alert as prices remain below important MA lines. Experts warn that if the deadly resistance zone of $133-$138 is not broken, this is just a technical bounce before heading toward a deeper bottom at $100 or even $80.
Currently, $SOL is hesitant, is this the bottom or just a pit stop before further decline?
This article is for reference only and does not constitute investment advice. Please read carefully and consider thoroughly before making any decisions.
