Solana Faces Resistance at $150 as Bearish Sentiment Grows
Solana’s price has faced difficulties reclaiming the crucial $150 support level over the past few days. This struggle is closely tied to the performance of Bitcoin, a market leader. At the time of writing, the SOLUSD pair was priced at $148, reflecting a slight increase of 0.7%. However, trading volume has declined by 25%, a signal that bearish sentiment may be taking root among traders. Analysts advise caution as the cryptocurrency market navigates these turbulent waters. Investors must pay close attention to market trends, as the future of Solana hinges on overcoming this resistance.