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In recent times, the cryptocurrency market has experienced a surge, with strong performances from Solana, Cardano, and Avax. However, they are currently facing selling pressure. Solana is fluctuating near a crucial downtrend line, breaking $104 may indicate a bull market, while falling below the moving average line could lead to a drop to $80. Cardano is encountering resistance at $0.50, but maintaining $0.42 could result in a rebound towards the 20-day moving average and above the channel's downward trend line. Avax shows signs of recovery, and a breakout from the channel could guide the price towards $44 and $50 levels. |
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