Mar 12, 2026
Solana Technical Review Shows Potential Decline Toward $79–$72
AnalysisblockchainCrypto analysisCrypto TradingcryptocurrencyElliott WaveInstitutional InvestmentSolSolana
TLDR: SOL rejected $87–$91 Fibonacci resistance, signaling possible Elliott Wave 3 downward movement. Maintaining a price below $86.90 keeps the bearish structure intact for near-term SOL declines. Downside targets for SOL include $79, $76, and major support between $74–$72. Institutions hold $540M in SOL ETFs despite weak short-term momentum and no new inflows. Solana price [...]
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