Solana (SOL) has seen a decline in price, trading below the $172 support zone. The cryptocurrency is currently consolidating and may struggle to recover above the $165 resistance level. The bears have pushed the price below $165 and tested the $155 support zone. Solana is now trading below $162 and the 100-hourly simple moving average, facing resistance near the $160 level. The main resistance levels to watch are $165 and $172, while support levels lie at $155 and $150. If SOL fails to rise above $165, it could continue to move downwards towards $135 and potentially even the $124 support level. Technical indicators suggest a bearish trend, with the MACD losing pace in the bearish zone and the RSI below the 50 level.



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