Solana price fails to hold above the 200-exponential Moving Average, downside pressure builds

Solana’s price struggles with consistent rejections at the 200 EMA, indicating strong selling pressure and confirming bearish momentum. Trading volume remains weak, failing to support any upward movement. The price remains pressured below this key resistance, with the next major support target near $145. A failure to reclaim the 200 EMA will likely lead to a test of this support level.

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