Solana failed to settle above $102 and extended losses. SOL price is now consolidating losses below $95 and might struggle to start a recovery wave.
SOL price started a fresh decline below $100 and $95 against the US Dollar.
The price is now trading below $100 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $98 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could start a recovery wave if the bulls defend $90 or $85.
Solana Price Dips Further
Solana price failed to remain stable above $105 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $100 and $95 support levels.
The price gained bearish momentum below $92. A low was formed at $89, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $106 swing high to the $89 low.
Solana is now trading below $95 and the 100-hourly simple moving
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-breakdown-accelerates-at-90/
