Solana (SOL) Hits Key Support, Will Bulls Hold the Line?

What: Solana (SOL) has failed to settle above a key resistance level, leading to a decline in price.
Why: The price failed to break above $92, resulting in a continuation of losses and consolidation below $88.
Signal: The price is currently trading below the 100-hourly simple moving average, indicating a bearish trend.
Watch: The price's ability to hold above $88 will be crucial in determining the next direction of the market.
Risk: A failure to hold above $88 may lead to further losses and a prolonged bearish trend.