Solana (SOL) At Risk of Fresh Bearish Wave, Traders Turn Cautious

Solana failed to stay above $126 and corrected gains. SOL price is now trading below $125 and might find bids near the $120 zone.SOL price started a downside correction below $125 against the US Dollar.
The price is now trading above $125 and the 100-hourly simple moving average.
There is a bearish trend line forming with resistance at $124 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend losses if it dips below the $120 zone.Solana Price Starts Downside C