$SOL

technical analysis for Solana (SOL/USD) on the 1-hour timeframe:

_Trend:_ Strongly bearish in the short term, bearish in the underlying trend.

_Price Objective:_ The first price objective has been achieved.

_Current Opinion:_ Bearish under $259.88.

_Targets:_

1. $243.99 (-1.48%)

2. $229.98 (-7.13%)

_Analysis:_ The analysis suggests that traders can consider short positions as long as the price remains below $259.88. The sellers' objective is to break the support at $243.99, which could revive the bearish momentum.

_Technical Indicators:_ Confirm the bearish opinion in the very short term.

_Caution:_ Be careful of excessive bearish movements, and watch for potential small rebounds.

Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Trading carries risks, and you could lose some or all of your investment. Always do your own research and consult with a financial advisor before making any investment decisions.