SOL Slowly Tests Support

The cryptocurrency market seems to be frozen as the volatility is fading out every day. Meanwhile, Solana is slowly drifting below the local support. Solana is making lower lows since it last touched EMA cross 50 and now Cross EMA 200 is acting as a local resistance here. Solana has relatively strong support above $164, fib 1.272. If this trend continues, Solana might drift below $148, fib 2.618 support – losing another 13%. However, the near term resistance for Solana is at $180.