Wrapped SOL (Wormhole) is experiencing a downtrend, with its live price at $127.424, marking a 4.54% decline from the session's open of $137.512. The cryptocurrency hit a fresh local low near $127.76, continuing a multi-week pattern of lower highs and lows. Key indicators show bearish signals, with the price below both the 9-day EMA at $138.300 and the 26-day EMA at $156.137. The RSI stands at 28.12, indicating oversold conditions, while the MACD is bearish with a histogram reading of -2.1562. Support levels are identified at $127.76 and the current price area of $127.42, with resistance at $138.30, $142.64, and $156.14. A break below $127.76 could lead to further declines, while a daily close above $138.30 might weaken the bearish outlook. Trading volume is rising, with a 24-hour volume of 1,677,928, suggesting potential for continued volatility. The market cap is reported at $44,116,632, with a liquidity pool of 4,368,132.