The price of Solana (SOL) has been declining, down nearly 13% in the past 30 days, indicating a weakening trend with bearish signals dominating the charts. However, if SOL can break above $209, it may have the potential to reach $219 and even $244. Solana has faced scrutiny following the launch of the controversial meme coin, LIBRA, which has raised concerns about specific Solana applications and whether the blockchain has peaked in terms of adoption and price. Some users have accused Solana apps like Jupiter, Pumpfun, and Meteora of operating scams, while others argue that the high number of scams is a consequence of Solana's scale. The Ichimoku Cloud chart shows a bearish outlook for SOL, with key indicators suggesting weak momentum. The Average Directional Index (ADX) indicates that SOL's downtrend is losing momentum but has not yet reversed. SOL remains vulnerable to further downside or consolidation unless ADX rises above 20 and price action shows signs of recovery. If SOL fails to hold the $187 support level, it could extend losses toward $175. On the other hand, if SOL regains strong momentum, it could potentially reach $209, $219, or even $244.



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