Solana (SOL) Starts to Retreat From Highs as Momentum Shows Early Fatigue

Solana failed to stay above $144 and corrected gains. SOL price is now trading below $140 and might find bids near the $135 zone. SOL price started a downside correction below $140 against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $135 zone. Solana Price Starts Downside Correction Solana price failed to surpass $148 and started a downside correction, beating Bitcoin and Ethereum. SOL dipped below $145 and $144 to enter a short-term bearish zone. There was a move below the 23.6% Fib retracement level of the upward wave from the $123 swing low to the $147 high. Besides, there was a break below a bullish trend line with support at $144 on the hourly chart of the SOL/USD pair. Solana is now trading above $135 and the 100-hourly simple moving average. On the up