Solana Price Update: Is a Drop to $130 Coming?

Solana (SOL) is currently trading at $153.61 , and several technical indicators are showing signs of weakness. Solana Chart ( Source Coingecko) While a short-term bounce is possible, the overall trend looks bearish. đź”» RSI Shows Oversold Conditions The Relative Strength Index (RSI) shows that Solana is in the oversold zone , which usually means the price could bounce slightly. A move up to around $160 is possible to ease the selling pressure. Death Cross on the 4-Hour Chart A Death Cross is forming on the 4-hour chart. This happens when the short-term moving average crosses below the long-term one — a strong bearish signal that could lead to more downside. MACD Confirms Bearish Momentum The MACD indicator is also showing a bearish crossover , meaning the downward trend is gaining strength, and more selling pressure could follow. Price Outlook: Could Solana Drop to $130? If the bearish trend continues and Solana fails to break above key resistance, the next suppo...