Solana (SOLUSDT) rose slightly in its latest intraday trading, as the price attempts to recover part of its previous losses. This comes despite the continued negative pressure from trading below its 50-period simple moving average, and under the dominance of the short-term main bearish trend with movement along a descending trendline. At the same time, the price is trying to ease some of its oversold conditions on the relative strength indicators, especially with positive signals starting to emerge.

Therefore, we expect the cryptocurrency to decline in the upcoming intraday sessions, as long as the resistance level of $164.90 remains intact, targeting the pivotal support of $145.85.

Expected direction for the upcoming sessions: Bearish.