Solana (SOL) Tumbles to $80, Traders Watch Critical Support Defense

Solana (SOL) has declined below $85 after failing to hold above $90, with the price consolidating around $80-82 levels. Technical analysis shows bearish momentum with key resistance at $85.50 and critical support levels at $82 and $80 that traders are watching for potential recovery or further decline.

• →SOL price failed to settle above $90 and declined to a low of $80.29, breaking below multiple support levels.
• →The cryptocurrency is now trading below the 100-hourly moving average with bearish trend line resistance at $85.50.
• →Key support levels to watch are $82 and $80, with a break below $80 potentially sending price toward $72.
• →Immediate resistance sits at $85, with major resistance at $88.80 needed for bullish momentum to resume.
• →Technical indicators show MACD losing pace in bearish territory while RSI remains above 50.