$SOL
🚨 Solana shows a bearish bias in momentum indicators 🚨
Solana price faced rejection around the $184.13 daily resistance level on May 14 and declined nearly 10% until Saturday. However, it recovered slightly the next day after finding support around its 200-day EMA at $162.42. This level roughly coincides with the daily support at $160 and the ascending trendline (drawn by joining multiple low levels since April 7), and a breakdown indicates a bearish trend. At the time of writing on Monday, it trades down at around $165.40, approaching its critical support zone.