Solana (SOL) Recovery At Risk With Bears Guarding Resistance

Solana failed to settle above $140 and nosedived. SOL price is now consolidating losses below $135 and might struggle to start a recovery wave.SOL price started a fresh decline below $136 and $135 against the US Dollar.
The price is now trading below $135 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could start a recovery wave if the bulls defend $128 or $12