Solana (SOL) is currently showing strong bearish signals, with the price at $152.31, down slightly by 0.21% in the past 24 hours. Looking back at its historical trend, the price of SOL tends to see a larger decline when approaching similar levels. After hitting $153 in August, SOL quickly fell by 15%, and similar declines were also experienced in September and October.

Bollinger Bands (BB) further indicate that

$SOL is still in a range, but the upward momentum is insufficient. If the price falls below the middle range, it may trigger a larger correction. The Chaikin Money Flow (CMF) indicator shows that the outflow of funds has accelerated and the selling pressure has increased, further strengthening the prediction that SOL may continue to fall.

If the market trend continues, SOL may fall below the key support level of $150 and may slide to $136 or even lower to $125. However, if the bulls can successfully defend $150, SOL may be expected to rebound to the $173 level.