Solana Head and Shoulders Breakdown Triggers Bearish Outlook Amid On-Chain Selling Pressure

TLDR: Solana confirms a head and shoulders breakdown, projecting downside toward the $70–$77 range. Market cap fell from $55B, signaling capital outflows and weakening investor confidence. On-chain data shows sustained realized losses, with daily selling pressure between $30M and $50M. Exchange outflows rose sharply, yet the price remains weak due to a lack of strong [...]

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