Solana ($SOL ) continues to face intense bearish pressure, having lost 16.78% from its local high of $264.36, with its prices currently hovering near the critical support level of $225. The cryptocurrency has been locked in a descending channel marked by a persistent downtrend, as shown by the trendline on the chart below.
This trendline has stopped the price action from rising and has kept SOL under selling pressure. The current struggle suggests a battle between buyers and sellers, with $225 emerging as an immediate demand zone.#2024withBinance
