Solana (SOL) has experienced a decline, breaking below key support levels at $250 and $242. The cryptocurrency struggled to surpass the $260 resistance and has since been consolidating its losses. It is currently trading below $240 and the 100-hourly simple moving average. The immediate resistance lies at $235, followed by $242 and $250. A successful close above $250 could lead to further gains, with the next significant resistance at $260. On the downside, initial support is at $225, with a break below that level potentially sending the price towards $212 and $200. The hourly MACD and RSI indicators are showing a loss of momentum in the bullish zone.



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