title: Solana (SOL) Started a Fresh Decline from the $180 Resistance Zone

Solana (SOL) started a fresh decline from the $180 resistance zone. It is now showing many bearish signs and might dive toward the $100 support.

Solana (SOL) started a fresh decline from the $180 resistance zone. It is now showing many bearish signs and might dive toward the $100 support.

Solana Price Turns Red

After a steady recovery, Solana failed to clear the $180 resistance. A high was formed at $181 and SOL started a fresh decline, like Bitcoin and Ethereum.

There was a move below the $160 and $150 support levels. The bears even pushed the price below the $132 support and the price settled well below the 50-day simple moving average (blue). Finally, the price tested the $112 zone.

Solana is now showing bearish signs below the $132 level. The current price action is still negative, with a high chance of more downsides in the coming days. There is also a key bearish trend line forming with resistance at $128 on the daily chart.

Solana Price Chart Analysis:

Solana Price Chart Analysis:

Solana price is trading in a bearish manner and broke the key $132 support. It seems like the bears are trying to push the price toward the $92 support. However, if the bulls manage to win back the $112 zone, then we can expect a fresh increase toward the $122 and $128 immediate resistance levels.

Solana (SOL) Statistics:

Solana Price: $113.3

Solana Market Cap: $11 Billion

Solana Total Supply: 448 Million

Solana Circulating Supply: 96 Million

Solana Hash Rate: Not Applicable

Solana Blocks Per Minute: 1

Solana Average Transaction Fee: $0.00026

Solana Smart Contract Platform: Yes

Solana CoinGecko Page:https://coingecko.com/en/coins/solana

Solana is showing bearish signs below the $132 level. The current price action is still negative, with a high chance of more downsides in the coming days. There is also a key bearish trend line forming with resistance at $128 on the daily chart.

Immediate support is near the $112 level. The first major support sits near the $108 level. If there is a close below the $108 support, the price might dive and test the $100 support.

The next key support could be the $92 level. Any more losses could send SOL toward the $80 support zone in the near term.

Another Recovery Attempt In SOL?

If the bulls manage to protect the $112 support, there could be a fresh upward move. Immediate resistance on the upside sits near the $122 level. The first major resistance sits near the

If the bulls manage to protect the $112 support, there could be a fresh upward move. Immediate resistance on the upside sits near the $122 level. The first major resistance sits near the