$SOL Price Prediction: Indicators Are Not Favorable for a Quick Rebound

Solana once formed a bull flag pattern, suggesting a possible rise to $300, but according to today's daily chart evaluation, this rally expectation has been invalidated as the SOL price fell below the support level of $209.58.

In addition, the trading volume of altcoins continues to decline, and the market sentiment is bearish, with sellers dominating. If this trend continues, Solana prices may fall further to $153.97, which will lead to losses in long positions and further reduce the possibility of a quick rebound.

However, if the bulls can hold the $170.75 support level and avoid further downward movement in price, the pullback may be curbed. In this case, Solana may rebound from below $200 and even have the potential to rise back to $264.66. #SOL