Solana began a new downtrend from the barrier level of $155. Despite SOL's 10% price decline, the bulls are currently defending the $132 support level.
The price of SOL began a sharp decrease vs the US dollar at the $155 barrier level.
Right present, the price is trading below both the 100-hourly simple moving average and $145.
On the hourly chart of the SOL/USD pair, there was a breach below a connecting bullish trend line that had support at $150 (data source from Kraken).
The pair may reverse losses if the bulls are unable to hold the $132 support level
