Solana failed to settle above $140 and nosedived. SOL price is now consolidating losses below $135 and might struggle to start a recovery wave.
SOL price started a fresh decline below $136 and $135 against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $128 or $125. Solana Price Dips Further
Solana price failed to remain stable above $140 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $138 and $135 support levels.
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The price gained bearish
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