Solana failed to stay above $90 and corrected gains. SOL price is now trading below $85 and might find bids near the $76 zone.
SOL price started a downside correction below $85 against the US Dollar.
The price is now trading below $82 and the 100-hourly simple moving average.
There is a bearish trend line forming with resistance at $81 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend losses if it dips below the $76 zone.
Solana Price Starts Downside Correction
Solana price failed to surpass $90 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $85 and $82 to enter a short-term bearish zone.
There was a move below the 50% Fib retracement level of the upward wave from the $67.40 swing low to the $89.72 high. Besides, there is a bearish trend line forming with resistance at $81 on the hourly chart of the SOL/USD pair.
Solana is now trading below $80 and the 100-hourly simple moving average. On the upside,
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-trades-heavy-below-90/
