$SOL

SOL

162.02

-6.23%

🚨 Solana shows a bearish bias in momentum indicators 🚨

The price of Solana faced rejection around the daily resistance level of $184.13 on May 14 and fell nearly 10% by Saturday. However, it slightly recovered the next day after finding support around the 200-day EMA at $162.42. This level approximately coincides with the daily support at $160 and the ascending trend line (drawn connecting several low levels since April 7), and a break indicates a bearish trend. At the time of writing on Monday, it is trading at around $165.40, approaching its critical support zone.

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