SOL Price Dump and Pump, Can Solana Overcome Selling Pressure?

Solana tumbled and declined toward $110. SOL price is now correcting losses above $140 and facing hurdles near the $160 resistance zone.SOL price gained bearish momentum and declined below $150 against the US Dollar.
The price is now trading below $160 and the 100 simple moving average (4 hours).
There is a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
The pair could continue to recover if it clears the $150 and $160 res