Solana Price Analysis

Solana price is struggling to recover as it remains trapped in a steep bearish channel. The cryptocurrency recently fell below $160, marking its lowest level since November 2024.

Market Sentiment

Market sentiment remains negative, limiting any upward movement for SOL. Currently, it is testing key support near $130, which raises concerns about a potential breakdown.

Future Outlook

If selling pressure continues, Solana may face further declines in the coming sessions.