Solana Plummets Will SOL Stay Above 100

Solana Faces Bearish Pressure Below Key Support Levels

• Solana (SOL) price declined over 15%, trading close to $102.
• The price is below the $105 level and the 100-hourly simple moving average.
• A break occurred below a key contracting triangle with support at $118.
• The major support levels are $102 and $100, with resistance near $105 and $112.
• The RSI for SOL/USD is below the 50 level, indicating bearish momentum.

Solana’s price has dipped significantly, falling over 15% to around $102. It remains under pressure below key resistance levels of $105 and $112, with potential further declines if it breaks the $100 support zone.