Solana's price has started to recover from its recent decline, bouncing back above the $90 level and reaching as high as $94. However, the cryptocurrency still faces significant resistance in this area, with a bearish trend line forming at $92.90 on the hourly chart.
The RSI (Relative Strength Index) for Solana is currently below 50, indicating that the price may be due for a pullback. Additionally, the MACD (Moving Average Convergence Divergence) indicator is gaining pace in the bearish zone, suggesting that the downward momentum may continue.