Solana ($SOL ) is trading at $246.39, down 6.20% after retreating from its 24-hour high of $263.00. The price has dropped below its 7-day moving average at $254.14, indicating short-term bearish momentum. Immediate support is at $240.00, and further downside could see a test of $237.00 or even $226.00, aligned with the 25-day moving average. On the upside, resistance is seen at $255.00, and a break above this level could target $260.00 and the recent high of $264.00. Traders should watch these levels closely to identify a potential trend reversal or continuation.

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