Solana (SOL) has decreased to 226 USD from its previous peak of 295.83 USD, declining 23% due to reduced demand linked to diminishing meme coin interest. Falling below the 20-day Exponential Moving Average, SOL faces increasing selling pressure and could breach 210 USD if this trend continues.
Indicators suggest if SOL’s price continues under current selling pressure, it could fall to 202.73 USD. However, a revival in demand might reverse this trend, allowing SOL another opportunity to reach its all-time high.