Solana (SOL)

The bulls are demonstrating acute weakness at the moment as they are unable to rise above the pivotal resistance zone. After breaking down from the rising wedge, the SOL price is consolidating within a narrow range. The price appears to be accumulating strength, which could be utilized in the coming days to reclaim the lost levels.

The short-term trade suggests the price is about to display massive price action as the StochRSI is about to hit the lower threshold and make a move within the bearish range. This may drag the levels slightly below $140 for a while, which could revamp a fine bullish trend. Besides, the volume has slumped heavily, which shows the possibility of compression, which may result in a massive breakout soon. With this, the Solana price may rise to $160 in the coming days.$SOL