Solana (SOL) has seen a 20% decrease in price over the past week, resulting in a market cap of $85 billion. Technical indicators suggest a strong bearish trend, with SOL trading below key levels and facing significant selling pressure. If the downtrend continues, SOL could test support at $159 and $147, potentially dropping to $133, marking a 22.6% correction. However, a recovery could lead to a challenge of resistance at $183, and if broken, a rebound to $203, indicating potential bullish momentum. The Ichimoku Cloud and DMI charts confirm the bearish outlook, with no immediate signs of reversal. The ADX suggests a strong downward trend, making a short-term reversal unlikely unless there are indications of recovery or a decline in bearish dominance. If the downtrend continues, SOL may test support levels and experience further correction, but a recovery could lead to a significant rebound.



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