BEARISH 📉 : Solana faces resistance below $92 amid downside correction

Solana (SOL) experienced a downside correction after failing to maintain levels above $90. The price is currently trading above $85, with the potential for another upward move.

SOL dipped below $90 and $88, entering a short-term bearish trend.
Support was found above $82, allowing the price to rise back above $85.
A rising channel with resistance at $88 is forming on the hourly SOL/USD chart.
The price faces significant resistance near $88 and $90, with major resistance at $92.
A close above $92 could lead to further gains, targeting $95 and potentially reaching $102.
If SOL fails to break $92, it may decline, with support at $85 and $82.
A drop below $82 might push the price down to $76.50, with the next support at $72.

Technical Indicators:

Hourly MACD indicates bullish momentum for SOL/USD.
RSI is above 50, suggesting strength in the current price level.

Solana Price

Key Levels:

Support: $85, $82
Resistance: $88, $92