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Solana Price Prediction: Will SOL Rebound or Continue Its Decline?

  • Solana (SOL) has recently experienced a notable decline from its previous high near $280, with the price now hovering around the $199-$202 range.
  • The latest daily chart analysis highlights a pattern of lower highs and lower lows, suggesting a bearish structure in the short term.
  • The $180-$190 area is the primary support, while the $220 resistance level is crucial for a trend reversal and stronger bullish sentiment.
  • Traders should remain cautious and watch for confirmation signals before positioning for a major move.

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