Solana (SOL) has experienced a significant bearish trend, with its price dropping below the $140 mark, signaling potential further declines. Key technical indicators such as the 4-hour and 1-day Relative Strength Index (RSI) suggest continued downward pressure, with the price trading below the 100-day Simple Moving Average (SMA). Analysts predict that if SOL fails to recover above $140, it may test support levels at $118 and possibly $99. The market is closely monitoring these developments for signs of either a reversal or additional losses.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
