Solana is moving lower from the $115 resistance. SOL price is showing a few bearish signs and might decline sharply toward the $68 support.
SOL price started a fresh decline from the $115 resistance against the US Dollar.
The price is now trading below $100 and the 100 simple moving average (4 hours).
There is a key bearish trend line forming with resistance near $92 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
The pair could continue to move down toward the $80 support or even $68.
Solana Price Starts Downside Correction
After a steady increase, Solana bulls struggled to clear the $115 resistance. SOL price formed a short-term top and started a fresh decline below the $105 support.
There was a steady decline below the $100 pivot level. The bears pushed the price below the 50% Fib retracement level of the upward move from the $71 swing low to the $108 high. The price is now showing a few bearish signs from the $115 resistance zone, like Bitcoin and Ethereum.
SOL i
We współpracy z: https://www.newsbtc.com/analysis/sol-price-prediction-solana-drop-68/
