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Solana sees bearish signals amid weak momentum

Solana (SOL) shows a 2.7% decline over the past week, indicating weak momentum. BBTrend values are slightly positive but still weak, showing little signs of a strong rally. SOL price consolidates between support at 183 USD and resistance at 194 USD, showing potential for fluctuations either up to 215 USD or down to 175 USD.

Indications from both BBTrend and DMI show a weak momentum environment for Solana. ADX is at 12, suggesting a lack of significant trend strength. EMA lines further indicate a bearish setup for SOL, signifying a continuation of its consolidative phase. Overall, a bearish bias persists, impacting future price Movement.

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