Solana is moving lower from the $120 resistance. SOL price is showing a few bearish signs and might decline sharply toward the $80 support.
SOL price started a fresh decline from the $120 resistance against the US Dollar.
The price is now trading below $102 and the 100 simple moving average (4 hours).
There is a key contracting triangle forming with resistance near $102 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
The pair could continue to move down toward the $85 support or even $80.
Solana Price Faces Uphill Task
After a steady increase, Solana bulls struggled to clear the $120 resistance. SOL price formed a short-term top and started a fresh decline below the $112 support, like Bitcoin and Ethereum.
There was a steady decline below the $105 level. The bears pushed the price below the $100 level. It tested the $91.50 support. A low is formed near $91.38, and the price is now consolidating losses. There is also a key contracting triangle forming with resistance
We współpracy z: https://www.newsbtc.com/analysis/sol-price-reaches-90/
