Solana gave market participants a brief excitement when its price moved above $152, which used to act as a resistance. However, that did not last, and in the past three days, sellers returned and pushed it under $150.
With a lower low confirmed, the downtrend for Solana is likely to continue. If so, the next major support levels will be found at $130 and $118. The momentum indicators, such as the daily MACD and RSI, also remain bearish at this time.
If nothing changes in the days to come, which is unlikely considering the wider market context, then SOL has a good chance to revisit $130. This is a level that could attract buyers and lead it into a relief bounce.
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