Solana’s price fell below the $190 resistance level, confirming analyst predictions and potentially leading to further losses. Traders now eye support near $150 as bearish momentum intensifies. Crypto analyst Patel highlighted a key rejection at this zone, with Fibonacci retracement levels guiding traders toward critical support around $150 and $105. The drop below the $175 level signifies increasing bearish pressure, prompting some to see further price drops towards the $150 support. Analysis shows a sharp reversal from the resistance zone, indicating a potential breakdown towards lower Fibonacci retracement levels. Notably, volume spikes that failed to sustain momentum at the resistance area reinforce this bearish trend. Patel’s technical insights suggest a possible retest of the $150 level, supported by past price patterns and his warnings about a potential breakout from a descending resistance line in mid-2023, which led to a bullish phase followed by a break below the current support area. The current volume patterns have shown similarities to past capitulations, supporting Patel’s prediction of deeper losses unless a reversal occurs. Despite ongoing decline, traders should keep an eye on crucial Fibonacci levels and consider potential bounces near $175 and $190. The price history near $105 also indicates historical resilience in facing downward movements.