The altcoin Solana ($SOL ) has lost nearly 10% of its value over the past week, with bearish pressure showing no signs of easing. Let's analyze where the price might find a bottom.

As we approach the end of the second quarter of 2025, sell-offs are intensifying, threatening Solana's price with a drop below the important support level of $130.

The price of SOL has declined for seven consecutive days. The Chaikin Money Flow (CMF) indicator has plunged into negative territory at -0.13, indicating a dominance of selling and capital outflow from the asset.

Last week, the Canadian company Sol Strategies, specializing in the Solana ecosystem, initiated the process of going public on Nasdaq by filing documents with the U.S. Securities and Exchange Commission (SEC). This news temporarily supported the price of SOL. However, the escalation of the conflict between Israel and Iran is increasing pressure on cryptocurrencies: in conditions of high geopolitical tension, investors are pulling capital out of risky assets.

The Elder-Ray index, which assesses the balance of power between buyers and sellers, is at -20.74. This indicator analyzes the deviation of the price from the moving average: a negative value confirms the dominance of bears as prices drop below the average level.$PEPE $DOGE