Solana failed to stay above $96 and corrected some gains. SOL price is now consolidating and might aim for another increase above $98.
SOL price started a downside correction below $96 against the US Dollar.
The price is now trading above $94 and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend losses if it dips below the $92 zone.
Solana Price Remains Supported
Solana price failed to stay above $98 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $86 and $85 to enter a short-term bearish zone.
There was a move below the 23.6% Fib retracement level of the upward wave from the $87.61 swing low to the $98.47 high. The price even tested the $93.65 support. Besides, there is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL/USD pair.
Solana is now trading above $94 and the 10
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-dips-modestly-95/
