SOL Price Drops 17% in a Week, Struggles Near $200 | Airdrop Alert Pro

Solana ((sol) Over the past week, prices have undergone strong corrections, down 17% to below the market cap of $100 billion. The Ichimoku cloud chart shows that bearish momentum remains dominant, with SOL trading below key trend indicators and reflecting downward pressure.

Meanwhile, the Directional Movement Index (DMI) shows that the intensity of the current downtrend remains intact, although sales pressures appear to be declining. By showing technical indicators of mixed signals, the next move of SOL will depend on whether it can restore momentum or continue to drop to lower support levels.

Sol Ichimoku Cloud Showing bearish momentum is still here

Ichimoku Cloud Chart Solana shows a major bearish setting. Prices trade under the cloud, and the cloud itself is red, indicating continued downward pressure.

Kijun-sen (red line) remains above the price, strengthening bearish bias, while Tenkan-Sen (blue line) is also below the cloud, indicating that short-term momentum is still weak.

Furthermore, Senkou span A (green cloud boundary) trends below Senkou Span B (red cloud boundary), which indicates that the broader trend remains down. The fact that prices are below conversion and baseline further confirms that bears are in control.

But, there Potential signs of stabilityas Sol recently tried to push up and is testing Tenkan-Sen. If the price can maintain a motivation above this level, it may indicate an early shift in sentiment.

The lag span (green line) is still below the price action, which means there is no clear bullish confirmation yet.

To establish a trend reversal, SOL needs to surpass the cloud, which remains a key area of ​​resistance. Prior to this, the current Ichimoku structure indicated that the market is still in a correction phase and that the cloud is a dynamic barrier to further upward movement.

Solana DMI shows that decline may be easing

Solana Directional motion index (DMI) chart Indicates that the average direction index (ADX) is currently 33.3, and has remained between 30 and 35 for the past four days. ADX measures trend strength, and values ​​above 25 usually indicate a strong trend, and values ​​below 20, indicating that the price is weak or combined with the price.

As Sol saw, readings between 30 and 35 confirmed that the ongoing trend, whether bullish or bearish, remained firm.

However, the direction of the trend is determined by the movement of the +di and -di lines, respectively, representing buying and selling pressure.

Currently, Solana+DI is at 15.2, and this level has remained stable over the past three days, indicating a weak bullish momentum.

Meanwhile, -DI fell to 24.2 after reaching 32.6 a day ago, indicating that sales pressure is easing. Although SOL is still on a downward trend, the decline in DI indicates that bearish momentum may be weakening.

If +DI starts to rise and -DI continues to fall, it may indicate a potential trend reversal. However, as long as ADX remains high and -DI remains above +DI, the downward trend remains dominant. SOL may still face further downward pressure Before any meaningful recovery occurs.

SOL Price Forecast: Will Solana exceed $220 soon?

In recoveryT-day, Solana Price As market participants evaluate their next move, they hovered around the $200 level.

If the bullish momentum returns, SOL can test the resistance level of $211 in the short term. A successful breakthrough above the area could open up further further gains with $223 as the next key goal.

Buying pressure should be strengthened. Sol Price It can even be pooled to $244, which marks a potential upside of 22% at the current level. However, to address this situation, Solana needs a continuous shift in demand and momentum to overcome the recent bearish trend.

The downside sol The $191 support level may be retested soon.

A breakdown below this critical level could accelerate losses, potentially sending prices to $181 or even as low as $168, which is a further correction of 15%.