Solana has experienced a significant decline, falling below the $150 and $142 support levels. It tested the $128 support and is now struggling to recover. Currently trading below $140 and the 100-hourly simple moving average, the SOL/USD pair faces resistance at $134 and $138.
The price could start a recovery wave if it clears the $138 resistance level. However, further declines are possible, with initial support at $128 and major support at $122 and $115. Potential supports extend down to $100.
The hourly MACD is gaining pace in the bearish zone, and the RSI is below the 50 level. Major resistance levels are at $134 and $138.
