Solana Bearish Trend Deepens: Is $164 Support the Next Stop For SOL?

Overall, Solana is currently facing strong bearish momentum as it struggles to maintain its price above the $164 support level. With technical indicators and market sentiment pointing towards further downward pressure, the next few trading sessions will be crucial in determining whether SOL can stabilize and recover or if a larger correction is imminent.

Traders and investors should closely monitor the $164 support level as a key determinant of Solana’s next price action. A breakdown below this level could lead to further losses, while a successful defense of this support could signal a potential relief rally back towards key resistance levels. Stay tuned for updates on Solana’s price movements and market outlook.