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Solana shows signs of rebound but analysts warn of potential final downside risk amid market correction.

Technical Signals
10 Jul 2026
Tokenpost
View Source
Neutral
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Solana (SOL) is experiencing mixed signals as technical analysts suggest it may be entering a rebound phase after a selling climax, yet caution remains over possible further downside. Currently trading near $78.91, Solana is down 3.13% weekly but has gained over 23% in the past 30 days, indicating some recovery amid ongoing correction. Analysts using Elliott Wave and Wyckoff methods highlight a potential sharp drop to $0.82 as a tail risk, while also noting a 'spring phase' that could signal a market turnaround if confirmed by volume and price action. No major fundamental catalysts are driving the price, making Solana's near-term direction highly sensitive to Bitcoin and Ethereum movements and overall market volatility.

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