Solana failed to settle above $90 and remained in a range. SOL price is now facing hurdles near $90-$92 and might decline again below $80.
SOL price started a decent recovery wave above $75 and $80 against the US Dollar.
The price is now trading above $85 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could continue to move up if it clears $88 and $92.
Solana Price Faces Resistance
Solana price remained stable and started a decent recovery wave from $68, like Bitcoin and Ethereum. SOL was able to climb above the $75 level.
There was a move above the 50% Fib retracement level of the downward move from the $106 swing high to the $68 low. However, the bears are active below $90. There is also a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL/USD pair.
Solana is now trading above $80 and the 100-hourly s
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-below-80-risks-downtrend/
