The price of Solana (SOL) has been unable to break through the $270 resistance level for the past three months, putting the cryptocurrency in a vulnerable position. It is currently trading below $210 and at risk of losing crucial support levels. A decline in the number of new addresses suggests a loss of traction in the market and reduced netflows, which could undermine SOL's recovery prospects. The Chaikin Money Flow (CMF) indicator shows a negative trend, indicating a shift in market sentiment and potential increased pressure on SOL. If market conditions do not improve, SOL may struggle to hold above $200 and could fall to $183. However, if it can maintain support above $201 and start to recover, it may target a rise toward $221, potentially invalidating the current bearish outlook.



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