Solana Price Corrects Downward, Trades Below $140 Amid Support Tests

Solana's price is undergoing a downside correction, failing to sustain above $142 and potentially finding support near the $135 zone.

SOL has dipped below $142, entering a short-term bearish zone.
Currently trading above $135 and the 100-hourly simple moving average.
A bullish trend line with support at $135 is forming on the hourly chart of SOL/USD.
Resistance levels are observed at $140, $145, and $148. A close above $148 could lead to an increase towards $155 or $165.
If SOL fails to rise above $142, it might decline further, with initial support at $136 and major support at $135.
A break below $135 may push the price down to the $132 or $125 support zones.

Technical indicators highlight that:

The MACD for SOL/USD is gaining pace in the bearish zone.
The RSI for SOL/USD is below the 50 level, indicating potential bearish momentum.

Solana Price

Support Levels: $135, $132

Resistance Levels: $142, $145