Declining SOL price signals risk: Over the past 30 days, Solana (SOL) has seen a nearly 10% decline. With the BBTrend indicator at -2.12, the market shows persisting bearish pressure, while the ADX at 25.11 indicates weakening trend strength and potential downside risks.
Critical support levels to watch: Analysts are focusing on the key support level at 203 USD for SOL. If this level fails, SOL could drop to 183 USD, causing a correction of about 15%. Conversely, breaking resistance at 221 USD could lead to gains towards 234 USD.