Solana (SOL) failed to hold above $92, triggering a sharp decline. The price is consolidating below $88 and the 100-hourly SMA. A bearish trend line has formed with resistance at $88 on the SOL/USD hourly chart.
Bulls must defend $85 or $80 to prevent further losses. On the upside, breaking $92 could trigger recovery toward $95 or $102. The hourly MACD shows bearish momentum, while the RSI remains below 50.