Solana (SOLUSD) declined in its latest intraday trading after the price encountered resistance from the 50-period simple moving average earlier today, forcing it to reverse lower. This drop coincided with the price testing a major short-term descending trendline, which intensified the negative pressure. At the same time, the Relative Strength Indicators show renewed bearish signals after reaching extremely overbought levels.

Therefore, we expect the cryptocurrency to decline in the upcoming intraday sessions, as long as it remains below 134.00, targeting the key support level at 121.25.

Expected direction for the upcoming sessions: Bearish