Solana Loses Half Its Bid Just as $83 Trapdoor Threatens Free-Fall
BeInCrypto
Solana faces potential further decline as buying pressure weakens and technical indicators signal a breakdown below critical support levels.Summary
Solana (SOL) is experiencing significant downward pressure as its price tests a critical support level of $83.38. Technical indicators, including bearish EMA crossovers and increased selling volume, suggest a loss of momentum. Furthermore, on-chain data shows that buying pressure has halved recently, and a lack of a strong demand floor below current prices could trigger an accelerated decline toward lower support levels at $81.37 and $76.70 if the current floor fails to hold.
(Source：BeInCrypto)