According to CoinStats, sellers are continuing to pressure the cryptocurrency market after a brief bounce back. The price of Solana (SOL) has dropped by 6.62% in the past 24 hours. On the hourly chart, SOL is at risk of breaking the local support level of $136.64, which could lead to a further drop to $135. On a larger time frame, the price is approaching the important level of $130.65, and if bulls cannot regain control soon, there may be a dump to the $110-$120 zone. In the midterm, traders should monitor the closure of the bar in relation to the $116 level, as a breakout could result in a test of the crucial $100 area. Currently, SOL is trading at $136.65.



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