Solana (SOL) recently hit an all-time high but has since been in a corrective phase, trading 27% lower. Technical indicators show mixed signals, with bearish momentum easing but still dominant. The BBTrend is negative but improving, while the DMI suggests weakening downtrend strength. SOL's price near $195 faces a crucial resistance, with its trajectory dependent on bullish signals or increased bearish pressure. The BBTrend, derived from Bollinger Bands, indicates weakening bearish momentum, potentially leading to a price recovery. The DMI's ADX drop suggests a weakening downtrend, with near-balanced buyer and seller pressures. A potential golden cross in EMAs could signal a bullish trend reversal if SOL breaks $195 resistance. Failure to hold $183 support may lead to further decline. This analysis serves for informational purposes only, urging readers to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news