Solana's price has experienced a bearish trend, falling below $20 against the US Dollar and struggling to recover above the $20 and $21 resistance levels. The price is currently trading below $19.80 and the 100 simple moving average (4 hours), with a major bearish trend line forming with resistance near $19.90 on the 4-hour chart of the SOL/USD pair. If the price fails to clear the $20.50 resistance, it could continue to move down towards initial support at the $19.00 level and major support at the $18.80 and $18.20 levels. Technical indicators show the MACD for SOL/USD is gaining pace in the bearish zone and the RSI is below the 50 level.
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Solana Price Struggles to Recover Above $20 as Bearish Momentum Gains Strength
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