Solana (SOL) Risks Slipping Deeper Into The Red As Momentum Fades

Solana failed to settle above $84 and trimmed most gains. SOL price is now consolidating losses above $78 and might continue to move down. SOL price started a fresh decline below $82 and $81.20 against the US Dollar. The price is now trading below $81.20 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $82.00 on the hourly chart of the SOL/USD pair