Solana (SOL) Declines: $82.50 Support Becomes Critical Point
— NewsBTC
Solana (SOL) has declined below $86, with the $82.50 support level being critical.
Solana (SOL) failed to hold above $86 and is now consolidating around the $82.50 support level.
- SOL price dropped below $86, entering a short-term bearish phase after falling below $85.
- A break below $82.50 could push the price down to $80, with $83.50 acting as the first support level.
- Resistance levels are found at $85.50 and $87.40, with a close above $87.40 potentially setting the stage for a new upward wave.
The decline in SOL price may negatively impact market sentiment, potentially increasing selling pressure and reducing investor risk appetite.