Solana Price fell nearly 47% from its January 19 high, reaching about $157.25 by February 24.
Investor confidence is impacted by its association with the Lazarus Group, a pending $1.79B token unlock, and reduced futures market activity.
A head-and-shoulders pattern and break below $177 support suggest a potential drop to around $110, while a rebound to $215 is possible if support holds.
Overall, negative sentiment for hacks, impending token unlock, low futures activity, and bearish technicals are affecting the price of SOL.