As per the latest figures on TradingView, Solana’s daily Relative Strength Index (RSI) is at 36.81, signaling that the cryptocurrency is edging towards a minor sell-off territory. Furthermore, the short-term 9-day Moving Average (MA) is positioned higher than the current market price, underscoring a bearish market trend. The price of SOL has been unable to breach the $140 mark, underscoring the challenges it faces in surpassing resistance levels.
Is Solana SOL Poised to Surpass 140 Resistance or Experience a Further Decline
Date: