Solana (SOL) Price at Risk of Steeper Correction 📉🔍

📉 For nearly two weeks, Solana (SOL) has struggled to break the $200 mark, impacting investor sentiment and potentially leading to further price declines. At $189, SOL fails to breach the resistance, with a decline in Open Interest (OI) and a drop in the funding rate suggesting bearish sentiment. Without a resurgence in OI and funding rate, SOL may trend bearish. 🔮

🔻 SOL Price Prediction: At $189, SOL aims to reclaim the 50-day EMA but may fall back to $168, stuck in consolidation between $168 and $200. Despite challenges, SOL attracted $25 million from institutions, possibly providing momentum for breaching $200. 🚀