The price of Solana (SOL) might drop to $135 if bears take over.



The recent bullish breakout from the horizontal channel is no longer supported by the price of the Solana project token, which has fallen below it. In addition, the cryptocurrency's price is dipping below its 20-day exponential moving average (EMA). The 20-day moving average of SOL's price is what this technical indicator is following. When the asset drawdown falls below this critical level, it indicates that buying pressure is decreasing and sales are increasing.

$SOL