Solana’s SOL token fell to its lowest level since August, falling below the uptrend line, representing the bull run since the April lows.
The breakdown signals increasing bearish momentum, marked by the recent highs and lows of the series, and a new bearish crossover in the MACD.
Immediate support lies at $155 – the 61.8% Fibonacci retracement of the rally from $95 to $253 – the breakdown of which could lead to next support around $129. A return above $180, the 200-day SMA, is needed to invalidate the downtrend.
