On June 27, the price of Solana (SOL) rallied and rose between the moving average lines. Over the past four days, bulls and bears have been engaged in a price war over the direction of the market.
The price of Solana (SOL) has fallen below the moving average lines and reached a low of $128 on June 23. The downward momentum extended to the current support level of $122.
The price of Solana (SOL) has fallen since reaching resistance at $188. The altcoin has pulled back above the moving average line. It is unclear whether the selling pressure will continue in negative territory.