Solana failed to settle above $125 and extended losses. SOL price is now consolidating losses below $120 and might struggle to start a recovery wave.
SOL price started a fresh decline below $120 and $115 against the US Dollar.
The price is now trading below $120 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $116 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could start a recovery wave if the bulls defend $112 or $105.
Solana Price Dips Again
Solana price failed to remain stable above $125 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $125 and $122 support levels.
The price gained bearish momentum below $120. A low was formed at $112, and the price is now consolidating losses. The price recovered a few points and climbed toward the 23.6% Fib retracement level of the downward move from the $128 swing high to the $112 low.
Solana is now trading below $120
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-crashes-back-to-112/
