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Strong Rebound for Solana

SOL is forming a very bullish rebound from the buy zone between $121 – $135. There was a long wick down to around $110 caused by the weekend selloff, but this dip is clearly being bought up and the crypto markets are rebounding. I have the red trendline as a key resistance target around $160, and would monitor for a potential breakout above the red trendline. There was already a false breakout in early July.

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