Solana failed to settle above $90 and extended losses. SOL price is now consolidating losses below $85 and might struggle to start a recovery wave.
SOL price started a fresh decline below $88 and $85 against the US Dollar.
The price is now trading below $85 and the 100-hourly simple moving average.
There is a bearish trend line forming with resistance at $85.50 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could start a recovery wave if the bulls defend $82 or $80.
Solana Price Dips Below $85
Solana price failed to remain stable above $90 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $88 and $86 levels.
The bears even pushed the price toward $82. A low was formed at $82.92, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $90.75 swing high to the $82.92 low.
Solana is now trading below $86 and the 100-hourly simple moving average. On the upside, im
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-faces-another-rejection-90/
