Solana’s Price in Limbo: Will $123.73 Offer a Lifeline Amidst Bearish Sentiment?

The Solana (SOL) price currently trades near crucial support at $123.73 before potentially breaking into the $130-$135 range if demand picks up. However, bearish signals indicate potential downward pressure. SOL’s inability to maintain its moving averages raises concerns about a possible decline towards $112.00 should this crucial support falter. 🤔