📉 Solana's recent dip below $200 has the market buzzing. Currently trading in a falling wedge, the price shows signs of further declines with weak support at $195 and growing pressure around $190-$188. Bears seem to be in control, forming lower highs and lows, but should we count the bulls out yet? 🤔

🔍 Key Observations:

- The MACD indicator suggests declining selling pressure, offering hope for a rebound.

- $188 remains a critical demand zone, triggering strong rebounds in the past.

- A break below $190 could lead to FUD, while a recovery above $200-$210 could reignite bullish momentum and challenge yearly highs near $225.

🔥 Short-term Outlook: Expect volatility! 📈 If Solana loses the $190-$188 support, further downward pressure could push prices toward $180. On the flip side, buyers stepping in below $190 might spark a reversal that surprises everyone.

⚠️ What to Watch: The $200 level. Reclaiming and holding above this could turn the tide bullish. Failure? More pain.

💡 My Take: Long-term holders might see this as a buy-the-dip opportunity if fundamentals remain strong. As always, stick to your strategy and manage your risk.

🌍 What’s your call on $SOL—ready to fly, or heading deeper? Let me know! ⬇️