Solana Price (SOL) Slips to $140: Will This Level Support a Rebound?
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Solana price started a downside correction from the $162 resistance zone, dropping to $140. It fell below $150 and the 100-hourly simple moving average, breaking a rising channel at $154. Currently consolidating, SOL faces resistance near $145, with major resistance at $150 and $155. A successful close above $150 could lead to a steady increase towards $162. If SOL fails to rise above $150, it could decline further, with support levels at $142, $140, and $132.
Hourly technical indicators show the MACD losing pace in the bearish zone and RSI below 50. Key support levels are $142 and $135, with resistance levels at $150 and $155.
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