Solana (SOL) has experienced a 17% drop in price and fallen below the $100 billion market cap over the past week. The Ichimoku Cloud chart indicates a bearish trend, with SOL trading below key indicators and experiencing downside pressure. The Directional Movement Index suggests that while the downtrend is still intact, selling pressure is weakening. SOL's next move depends on whether it can regain momentum or continue to decline. The chart shows a bearish setup, with the price trading below the cloud and key indicators. However, there are signs of potential stabilization, and if SOL can sustain momentum, it may indicate a shift in sentiment. To establish a trend reversal, SOL would need to break above the cloud, which is currently acting as resistance. The DMI chart confirms the strong trend and weakening selling pressure, but until the +DI starts rising and the ADX stays elevated, the downtrend remains dominant. If bullish momentum returns, SOL could test resistance levels and potentially reach $244. On the downside, if the downtrend continues, SOL could retest support levels and potentially drop to $168.



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