Pressure from resistance and support: Currently, the liquidation map indicates that SOL is struggling at the resistance of 246 USD while support is at 225 USD. These price points are crucial for investors.
Declining indicators indicate selling pressure: The Chaikin Money Flow (CMF) has entered a downward trend indicating increased selling pressure. This suggests that buying interest is weakening alongside increased capital outflow.
Price situation and retracement levels: If the downward pressure continues, SOL’s price could drop to around 222 USD. In the worst-case scenario, the important level of 200 USD is also being monitored.