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Solana (SOL) is currently facing bearish pressure after failing to break through resistance in the $205 (Rp3,327,135) range. The price of SOL has fallen below $192 (Rp3,119,424) and shows signs of further decline. This article will review the main factors behind SOL price movements and its technical prospects.
The price of SOL is falling again
After failing to maintain the level above Rp3,249,400, SOL began a significant downward trend. The price passed several important support levels, including Rp2,999,064 and Rp2,910,921, before reaching a low point of Rp2,956,300.
Currently, SOL is below the (SMA) 100-hour simple moving average, with a bearish trend line formed around Rp3,084,930. Initial resistance is located at Rp3,084,930, while the main resistance is at Rp3,119,424. If the price successfully closes above this resistance, SOL has the potential to start a steady increase towards Rp3,249,400 or even Rp3,653,100#SOL Trend Analysis