The downward trend indicated by the Ichimoku Cloud suggests that Solana might drop further, particularly if it breaks below its current support level. Sellers have reportedly maintained control, with the directional indicators confirming a strong bearish trend.

If the support at 120 USD falls, SOL could reach levels below 110 USD, marking significant resistance points at 136 USD and 147 USD, which may trigger potential price rebounds. Traders should closely monitor these levels for strategic decisions.