Solana Price Prediction: Indicators Point to Short-Term Downtrend on 4-Hour Chart

In the latest session, the #Solana price closed at $172.10, showing a slight decline from the previous close of $170.52. Over the past few sessions, the cryptocurrency has displayed moderate volatility within a relatively narrow range. 

The 9 Exponential Moving Average (EMA) stands at $172.44, indicating a slight downward trend. Conversely, the 20 EMA sits at $173.88, also showing a downward trend, albeit less pronounced compared to the 9 EMA. This suggests a short-term bearish sentiment in the market.

The MACD histogram, a momentum indicator, shows a negative value of -0.307, suggesting a bearish momentum. The MACD line has been consistently below the signal line, indicating a potential continuation of the downward movement.

The RSI currently stands at 44.90, below the neutral level of 50. Although not in oversold territory, it indicates a moderate bearish sentiment in the market.

Key resistance levels to watch include $175.98, $180.73, and $182.74, while important support levels stand at $171.7, $171.66, and $169.82. $SOL #SOL #BullorBear