Solana failed to stay above $86 and corrected gains. SOL price is now below $84 and remains at risk of more losses below $80.
SOL price started a downside correction below $86 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 $84 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend losses if it dips below the $80 zone.
Solana Price Dips Further
Solana price failed to stay above $90 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $88 and $86 to enter a short-term bearish zone.
There was a move below the 61.8% Fib retracement level of the upward wave from the $76.55 swing low to the $91.20 high. The price even tested the $80 support. Besides, there is a bearish trend line forming with resistance at $84 on the hourly chart of the SOL/USD pair.
Solana is now trading below $84 and the 100-hourly simple m
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-pressured-80/
