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Solana tests key weekly support after 20% drop, with short squeeze target near $89.

Technical Signals
08 Jun 2026
Coinpaper
View Source
Neutral
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Solana (SOL) has fallen over 20% after breaking down from a multi-month trading range, now testing a critical weekly support zone around $58-$60. This area is crucial as it may determine whether bulls can stabilize the price or if further declines will occur. Meanwhile, short positions are heavily clustered near $89, creating a potential squeeze target if buyers regain momentum. Traders are closely watching these levels for signs of either recovery or continued bearish pressure.

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