Solana (SOL) Tests Support After Dip — Bounce or Breakdown Ahead?

Description

Solana started a fresh decline from the $160 zone. SOL price is now consolidating losses and might decline further below the $145 level. SOL price started a fresh decline from the $160 resistance zone against the US Dollar. The price is now trading below $155 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $152 resis...