Solana's current trading price is $190, down 1.4% during the day, having fallen more than 30% from its November high.
The current 4-hour SOL chart shows bearish momentum, as the Solana price remains below all major exponential moving averages (EMA). This indicates that market sentiment remains negative.
Unless the broader market stabilizes, Solana's price may decline further. If the 180 level cannot be held, the next major support level is around 166.
