Solana Launches New Features Amid Price Correction
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Solana (SOL) price has fallen over 10% this year and recently dropped below key support levels after reaching a yearly high of $126.
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Today Solana launched new token extensions to empower developers, including confidential transfers, metadata, and interest-bearing tokens.
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Technical analysis suggests SOL price may continue correcting in the short term, possibly declining 20% to the $72 support level.
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If SOL reclaims the $90 resistance level, it could surge 40% back to its 2023 high of $126.
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Despite current weakness, analysts remain optimistic about Solana's long-term potential and recommend dollar cost averaging on dips.