Solana plummeted after failing to break $132. SOL price is consolidating losses below $130 and may fall below $120.
Below $130 and $128 versus the US Dollar, SOL price fell again.
The price is below $128 and the 100-hourly SMA.
The hourly SOL/USD data shows a negative trend line with resistance at $131.
Bulls defending $122 or $120 might launch a comeback wave. Again, Solana Prices Fall
Solana fell like Bitcoin and Ethereum after failing to stay over $132. SOL fell below $130 and $128.
Bearish momentum developed below $126. After hitting $121, the price is consolidating losses. The price regained a few points and challenged the 23.6% Fib retracement level of the $134 swing high to $121 low decline.
Solana is below $128 and the 100-hour SMA. Near $125 is immediate upward barrier. The next big obstacle is $128, the 50% Fib retracement level of the decline from the $134 swing high to the $121 low.
The key resistance may be $130. On the hourly SOL/USD chart, a negative trend line with resistance at $131 is formed. Close above $132 barrier might start another steady rise. The next hurdle is $140. More advances might push the price toward $145.
Another SOL Drop? SOL may fall if it fails to break $128 resistance. Near $122 is first downside support. First big support is around $120.
A breach below $120 might push pricing below $112 support. If the price closes below $112, it may fall below $105 soon.
