Solana (SOL) has once again failed to reach the $300 mark, with sellers dominating the market. The Balance of Power (BoP) indicator and Chaikin Money Flow (CMF) suggest a potential decline in SOL price. The BoP indicator shows a strong dominance of sellers, with a value of -0.54, indicating bearish momentum. Similarly, the CMF has dropped to -0.05, reinforcing the idea of sellers controlling the market. Solana's price has been trading within a descending channel, risking a significant correction if it falls below $225.74. However, if buyers take charge, the price could rise to $264.66 or even reach $300. This analysis serves as informational content and not financial advice, urging readers to conduct their own research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news