Solana Price Faces Rejection; Will $110 Support Hold?

Solana (SOL) has experienced a significant price drop of 11.8% following resistance at the crucial $149 level. Sellers are now aiming to push the price towards the $110 support zone, creating potential for further downward movement in upcoming trading days. Analyzing recent market movements, Solana appears to have retraced after hitting resistance near $149. This suggests a bearish trend with a possible breakdown below $110 as a likely outcome.