$BTC

Currently, $SOL is trading at $240.1, down 9% over the past week. The latest readings from the Moving Average Convergence Divergence (MACD) indicator are showing a bearish trend, with the MACD line crossing below its signal line. This indicates that selling activity is currently outpacing buying interest, suggesting that there is potential for further price decline. If this trend continues, it could lead to a decline in Solana’s value, potentially sending the price below $200 to around $187.71 in the near future. However, any positive developments, such as increased demand from a meme coin rally or the launch of futures contracts, could reverse this trend and push SOL price back towards its previous highs.