Solana (SOLUSD) price recorded stability on gains in its latest intraday trading, following the prices rebound from the key support level at $116.65, which provided positive momentum that helped it recoup part of its previous losses. At the same time, the price managed to unwind its oversold conditions on the RSI. However, this comes under the dominance of the main short-term downward trend, alongside continued negative and dynamic pressure from trading below its SMA50, which limits recovery prospects in the near term.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $125.60 resistance level remains intact, to retest the $116.65 support level.

Todays price forecast: Bearish