BEARISH 📉 : Solana struggles to maintain above $90, risks further losses

Solana (SOL) experienced a correction, falling below $90. The price is currently trading below $88 but remains above $85 and the 100-hourly simple moving average.

SOL dipped below key levels, entering a short-term bearish zone.
A bullish trend line offers support at $85 on the hourly chart.
Main resistance levels are at $88 and $90, with significant resistance at $92.
Potential upside targets include $96 and $100 if the price closes above $92.
If SOL cannot surpass $90, it may decline further.
Key support levels are $85 and $82. A drop below $82 could lead to a fall towards $76.50.

Solana Price

Technical Indicators

Hourly MACD: Losing pace in the bullish zone.
Hourly RSI: Near the 50 level.