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Solana could signal 50 percent drop despite three-month rise, concerns over continued weakness

Solana’s rising channel that has held for more than three months could instead signal further declines, an analysis said. The token trades about 3 percent above the channel’s lower trendline, but a break could revive the more than 50 percent slide seen from mid-January to early February. Falling buy volume and slowing long-term holder positioning were cited as warning signs. Key support is seen at $81.24.