Bearish Signals for Solana (SOL/USDT): Will $220 Resistance Hold?

$SOL is trading at $214.67 (-3.80%), showing a pullback after its recent rally.

Key Insights:

Support Level: $210.

Resistance Targets: $220 (short-term), $230 (mid-term).

Technical Indicators: MACD hints at weakening momentum, and RSI nears neutral levels, indicating caution.

Strategy: Watch for a retest of $210. A bounce above $216 could signal a recovery toward $220. If support fails, SOL may trend lower.