Solana is facing selling pressure and is in a correction phase. The cryptocurrency is approaching the $164 support level, which will determine if it stabilizes or continues its downward trend. Bears are currently in control, as indicated by market indicators such as trading below the 100-day SMA and an oversold RSI. If Solana fails to hold above $164, deeper losses may occur, but a defense of this level could trigger a price reversal. The next significant price movement depends on the strength or weakness of the $164 support level.



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