After trading above $91 in early March, Solana (SOL) has seen repeated rejection around that range. The price is currently hovering around $84, indicating a short-term decline from recent highs. Solana had surged past $96 following Trump’s announcement that the United States was pausing its intended attacks on Iran’s energy and power infrastructure, but afterwards slid back below $90. Technical analysis SOL’s recent price action shows that $91, once a support level, has once again turned into a strong resistance. Every attempt to move above it since February has been met with selling pressure. The short-term moving averages have also tilted downward, reflecting the prevailing bearish sentiment. Volume has also dropped noticeably.
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