Solana Struggles to Stay Afloat

Solana ( $SOL ) is facing a tough time, mirroring the broader crypto market's downturn. After failing to break through $162, #SOL has tumbled below key support levels. The cryptocurrency is currently consolidating losses around $140.

Key points:

Downward trend: SOL is in a bearish phase following a failed breakout.

Support and resistance: $145 is immediate resistance, while $140 is a crucial support level.

Technical outlook: Indicators suggest a bearish bias, but a break above $145 could signal a potential recovery.

Traders should closely monitor these levels for clues on SOL's next move. #solanAnalysis #cryptoniteuae