Solana Signals 11% Drop as Bearish Pattern and Indicators Align

On June 3, 2025, Solana (SOL) formed an ascending channel pattern on the 1-hour chart. An ascending channel appears when the price moves between two parallel upward-sloping trendlines, often signaling a temporary bullish recovery in a larger downtrend. However, the setup on this chart shows weakening momentum. SOL trades at $161.36, while the price stays […]

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