Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again?

Solana failed to settle above $86 and corrected most gains. SOL price is now consolidating losses above $82 and might attempt another increase.

SOL price started a fresh decline below $86 and $85 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $84 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $83.00 or $82.50. Solana Price Dips From $88

Solana price failed to remain stable above $88 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $86 and $85 levels.

The bears even pushed the price toward $83. A low was formed at $82.96, and the price is now consolidating losses. There was a minor recovery wave above