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Solana Price Hits Extreme Oversold Levels After 40% Crash, Will SOL Recover?

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Summary
Nutrition label

60% Informative

Solana price is down by 40% over the past month , with the crash causing panic selling that has pushed SOL to extremely oversold levels.

Traders are selling Solana at the same pace they did during the FTX collapse in 2022 , raising speculation over whether the altcoin faces further downside or a price recovery lies ahead.

Technical indicators suggest that the bearish momentum still persists, which may derail a recovery in the near term.

SOL price today trades at $ 141 with a marginal increase of 1% .

VR Score

37

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22

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38

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formal

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English

Language complexity

41

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Time-value

short-lived

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