SOL Price Falls Toward $190 as Selling Pressure Mounts | Airdrop Alert Pro

Solana ((sol) Price has been working hard to maintain a level above $200, and its market cap is now $94 billion. The latest price action shows that SOL faces strong resistance and has dropped to the $190 range in the following days.

Technical indicators such as Ichimoku Cloud and DMI show that sellers continue to control, bearish momentum is getting bigger and bullish attempts are weakening. With the key support level of SOL, the question now is whether it will stabilize and try to rebound or continue to fall towards a lower target target.

Solona Imimok Cloud Shows a strong bearish setting

Ichimoku Cloud Chart Solana currently shows bearish feature. Price action remains under the cloud, indicating a continued downward momentum.

Red Cloud shows that bearish sentiment has been dominant, and Chaoyun’s attempt was quickly rejected, strengthening the general trend.

In addition, the Tenkan-sen (blue line) is located below the Kijun-Sen (red line), and weaknesses in the price structure signal. The downward slope of the two lines further supports the notion that momentum is beneficial to the seller rather than the buyer.

The projected part of the cloud remains bearish, with the senkou span A (green line) below the Senkou span B (red line), which suggests that the downward pressure is likely to persist.

Chikou span (green lag line) is also in the past Sol Price Action confirms that the market structure continues to favor the bearish outlook.

sol DMI shows that the downward trend is growing

Solana DMI diagram It shows that its ADX is currently 20.8, from 12.7 liters two days ago. This increase indicates that during relatively low momentum periods, the trend intensity begins to establish.

While ADX alone does not indicate the direction of the trend, its upward movement signal indicates that a more clear price movement is developing.

The shift from weak to stronger trends shows that recent market activity is becoming more and more, which may lead to the continuation of the current trend.

this ADX measurement trend intensity Values ​​below 20 indicate a weak or indecisive market size, while values ​​above 25 indicate a strong and established trend. With ADX currently at 20.8, the market is approaching a more directional level of price action.

Besides that, +DI has dropped from 17.9 to 11.6, while -DI has risen from 20.4 to 25.3. This shows that bearish momentum is increasing as sellers control it.

Since -DI is now significantly higher than +di and ADX is rising, Solana downward trend Attracting. If this trend continues and ADX exceeds 25, it will confirm a stronger bearish trend, which has allowed buyers to reverse the momentum in the short term.

SOL price forecast: Will Sol return $200 or fall to $175?

Solana Price Recently, the resistance of $200 has been failed to exceed $190 since then. Its EMA line remains below the long-term trend line, enhancing wider bearish sentiment. This shows that price action is still on the downside, with the seller maintaining control over momentum.

The inability to maintain a level above $200 indicates Buying pressure for SOL Not strong enough to shift the market structure, but turning to an upward trend, leaving the bearish outlook intact.

If this bearish trend continues, SOL can test support at $187, a key level that buyers may try to step in. Losing this support could open the door to continue to decline to $175, enhancing the downward trend. However, if Sol can stay at $187 and stabilize, there may be a potential rebound.

Continuous recovery and breakthroughs above $200 may change emotions, allowing Sol Price Challenge the next resistor, priced at $209. If bullish momentum further strengthens and clears this level, the next target will be $220, marking a significant change in trend dynamics.