Solana's price struggles at $183 after a 40% drop from $228 resistance, with a bearish RSI at 26 hinting at further declines.
Solana's TVL plummets 8% overnight to $8.45B, sparking concerns of a potential repeat of prior double-digit price drops.
Resistance around $228 proved too much for SOL, resulting in a steep 40% decline to the current level of $183. The bearish momentum is clear with the RSI indicator dipping to 26.
A closer look at Solana's TVL reveals a sharp drop from $9.18B to $8.45B in 24 hours, fueling speculation of a repeat performance seen in previous price drops exceeding 10%.