Solana Price Decline and Potential Reversal
- Solana (SOL) price started a decline from the $172 resistance zone.
- The price is trading below $162 and the 100-hourly simple moving average.
- A key bearish trend line is forming with resistance at $160 on the hourly chart.
- The price dipped below the $155 level, reaching a low near $150.
- Major support levels are identified at $155 and $152, with resistance at $160 and $162.
Solana’s price has declined from the $172 zone, currently trading below key resistance levels, indicating potential further declines unless it surpasses the $160 mark. Major support is noted at $152 if downward momentum continues.
Source (2.6)https://www.newsbtc.com/analysis/solana-sol-continues-to-fall-150/?rand=52377
