$SOL
Solana (SOL) has been down almost 5% over the past 24 hours after failure to push above $140. It was seen slip back into the red over the weekend, with sellers looking to drive it below $130. SOL was largely in the green last week after recovering from a low of $120, rebounding strongly to reclaim $130 by the beginning of last week, rising to $135. However, SOL faced considerable resistance and was unable to make any substantial push above this level, falling to a low of $128 on Wednesday before recovering on Thursday and settling at $136
SOL faced intense selling pressure on Friday as it fell to a low of $131. However, it rebounded from this level, moving past the 20-day SMA and settling at $139 after an increase of 2.25%. However, with strong resistance at this level, SOL fell back into the red over the weekend, registering a 1.96% drop on Saturday. Selling pressure intensified on Sunday as SOL dropped over 4% to slip below the 20-day SMA and settle at $131.53. The current session sees SOL down marginally as sellers look to drive it below the $130 support level.
Buyers are expected to defend the $130 level and prevent a further decline. However, if SOL slips below this level, a decline to $120 can be expected
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