Solana (SOL) Slips Further As Bears Target Deeper Support Zones

Solana failed to settle above $132 and extended losses. SOL price is now consolidating losses below $130 and might struggle to start a recovery wave.SOL price started a fresh decline below $132 and $130 against the US Dollar.
The price is now trading below $130 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $126 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could start a recovery wave if the bulls defend $118