Solana Nears Critical $100 Support as Bearish Momentum Builds 📉
Solana (SOL) faces a critical juncture with prices hovering near $120 and threatening to fall below the $100 mark, a level not seen for months. The growing bearish sentiment is evident as SOL fails to establish higher lows, raising concerns about a potential prolonged downtrend.
Technical indicators show a grim outlook. The Relative Strength Index (RSI) has dropped below 45, reflecting oversold conditions but no bullish divergence, which often signals reversals.
Furthermore, SOL continues to trade below its short-term moving averages, exacerbating market worries.
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