$SOL Tests Support Amid Bearish Momentum: What’s Next?

#SOL struggles amid bearish momentum as critical support levels come into focus. The MACD histogram remains negative, reflecting declining momentum. The RSI also shows a bearish bias, though it is nearing oversold territory, which could hint at an upcoming bounce.

The 9 EMA has dipped below the 20 EMA, underscoring the bearish trend. A break below support levels at $189.51, $188.28, and $187.71 might signal further declines. Resistance lies at $192.12, $192.52, and $193.04, where sellers may re-enter the market.

Traders seeking long positions should watch for a recovery above $192.52, supported by strong volume. Conversely, short traders might consider positions near $192.12, with targets near $188.28 for potential profits. #Solana #solanAnalysis