Solana Price Tests Support at $150 Amidst Trendline Breakdown

The Solana (SOL) price is currently hovering near the key horizontal support level of $150 after its trendline was broken. Experts anticipate a potential bounce towards the $170-$175 region if this crucial area holds, while a break below it could lead to further declines. This latest move follows Solana’s decline since early October and below key moving averages like the 50-day EMA and 200-day SMA.