Solana Faces Further Decline: Weak Momentum Points to Potential Downward Pressure

Recent sharp declines in Solana’s price, which pushed it below its primary upward trendline last week, have increased the risk of further losses. This decline coincided with a broader downturn across the crypto market, sending SOL as low as $173 before buyers managed to halt the slide. Analysts are currently tracking a narrow zone between $192 and $188 as Solana’s immediate battlefield. If bulls can defend this range, a rebound toward $204 or $223 becomes possible. However, failure to hold this support level may push prices back down to the $159 area, where previous demand emerged earlier in the summer.