Solana (SOL) has experienced a decline in price over the past weeks and is currently trading at $218.76, marking an 8% drop in the last week. The coin is facing pressure that could cause its price to fall below the critical $200 threshold. Solana's price has been moving within a descending channel on the daily chart, indicating a bearish trend and sustained selling pressure. The coin has faced resistance at $230.17 and found support at the $200.60 level. Breaking below the 20-day Exponential Moving Average signals a shift to bearish momentum, with the 20-day EMA now acting as resistance at $227. If selling pressure continues, the price could drop to $187. However, if demand increases, SOL could potentially surpass the resistance and target its all-time high at $264.



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