Solana experienced significant trading activity in recent 24 hours, reaching a total volume of nearly $3 billion as the crypto market witnessed mixed performance. While Bitcoin and other assets saw slight gains, Solana faced losses, dropping 1.12% to $147 from its high of $157 on April 21st. The current decline marks the fifth consecutive day of negative movement for the cryptocurrency. Despite the downward trend, Solana’s price remains above the crucial support level of $145, hinting at active buyer intervention. This resilience suggests buyers may still be holding and anticipating a rebound. A drop below this threshold could signify a shift in momentum and open the door for further declines towards the daily Simple Moving Average (SMA) 50 at $130. However, Solana’s price remains relatively stable above its daily SMA 200 at $181, suggesting that there is potential for an upward move if market sentiment stabilizes or turns positive. A decisive break below this level could signal a shift in momentum and potentially lead to further declines. Technical analysts suggest that Solana may be on the verge of a major price movement as it exhibits a textbook-perfect cup and handle pattern on its weekly chart. The bullish continuation pattern is expected to result in strong upward momentum if validated. Key players in the market, including traders and investors, closely observe SOL’s next move with interest.