Solana Faces Bearish Trend Below $90
- Solana price failed to stay above $90 and started a downside correction.
- SOL is trading below $82 and the 100-hourly simple moving average.
- A bearish trend line with resistance at $81 is forming on the hourly chart.
- Initial support is near the $76 zone, with major support at $72.50.
- If SOL breaks below $72.50, it may decline towards the $68 support zone.
Solana’s price has entered a short-term bearish zone after failing to surpass the $90 mark, similar to movements seen in Bitcoin and Ethereum. The current resistance levels are at $81 and potentially at $85 if momentum shifts upward.
The key takeaway is Solana’s struggle to maintain higher price levels, facing significant resistance and potential for further declines if key support zones are breached. (Source)
