Solana (SOL) is encountering resistance at $133 after a sharp 6.0% decline in the past 24 hours, dropping from $142.92 to $133.62. Despite strong trading volumes of over $5.47 billion, the price drop reflects broader market risk aversion amid global tensions. Over the past month, Solana has risen by 5.9%, indicating a relatively strong longer-term performance. Technical indicators suggest potential further downside if the $133 support level fails. The Parabolic SAR shows bearish momentum, with dots above the price at $148.10, while the Awesome Oscillator's decline indicates weakening buying pressure. Analyst BitGuru notes that Solana is attempting a rebound from a strong demand zone above $133, which could trigger a rally back to $145 if buyers defend this level.
Solana Faces Resistance at $133 Amid Market Volatility
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