Solana ($SOL) continues to face challenges in maintaining momentum above the 200-day exponential moving average (200-EMA), experiencing repeated rejections. This struggle has raised concerns about potential downward pressure on the cryptocurrency, with the market eyeing the $145 support level as a critical point for stability. Analysts note that staying above the 200-EMA is vital for Solana to regain bullish momentum. However, the ongoing resistance suggests that sellers are still active, leading to uncertain price action in the near term. If Solana fails to hold above the $145 support level, it may indicate further weakness in the market. Traders are closely monitoring these technical levels to assess future price movements.
