$SOL
As of the report, the SOL price traded at $122.64, registering a 1.78% drop in the last 4-hour session.
The price is stuck in a range of between the $120 support and the $130 resistance zone. This horizontal formation is an indication of further consolidation following rejection several times around $130.
A break below $120 could initiate a slide to $112. However, a bounce from this support with rising volume may push the long-term Solana forecast back toward $130 and potentially $140.
The Relative Strength Index (RSI) is at 40, below the neutral 50, and is moving downwards. The Moving Average Convergence Divergence (MACD) histogram has become red. The MACD line has passed below the signal line.
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