Ethereum

Flow

Solana

Bitcoin

Divergence

<ul>
 <li>Solana is currently trading around the $192 range.</li>
 <li>SOL’s trading volume has dropped by more than 26%.</li>
</ul>
The 1.84% loss has pushed the market cap down to $3.76 trillion. The fall has made the major crypto assets enter the bearish zone, losing momentum. Bitcoin and Ethereum are trading on the downside, at $111.1K and $4,000. Turning the attention toward the altcoins, Solana (SOL), within the downtrend, has plunged by over 4.76%.&nbsp;
This made the Solana bears gain more traction after a series of tests. In the early hours, as per CMC <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer">data</a>, SOL traded at a high range of $208.33, and the bearish command has triggered the asset to fall to a bottom level of $192.70. At the time of writing, Solana traded within the $192.89 zone.&nbsp;
With its market cap touching $105.64 billion, SOL’s daily trading volume has dropped by over 26.92%, reaching $9.13 billion. Besides, the market has witnessed a liquidation of $33.58 million worth of Solana in the last 24 hours, as reported by the Coinglass <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">data</a>.
An analyst <a href="https://x.com/ali_charts/status/1978612352330473526" target="_blank" rel="noopener noreferrer nofollow">chart exhibits</a> that, based on the technical analysis of Solana, the price could move upward to retest the resistance near the $260 range. However, if it fails to break that level, a pullback toward the support around $166 is possible.
<h3 class="wp-block-heading" id="h-can-solana-price-reverse-the-current-downtrend">Can Solana Price Reverse the Current Downtrend?</h3>
Solana’s Moving Average Convergence Divergence (MACD) line and signal line are found below the zero line, which indicates a bearish trend in the market. The asset is likely in a weak recovery phase. In addition, the Chaikin Money Flow (CMF) indicator, which is currently at -0.13, suggests selling pressure in the SOL market. The money is flowing out of the asset, and the negative value shows the possible continuation of a bearish phase.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter size-large">
 <img loading="lazy" width="1024" height="441" src="https://thenewscrypto.com/wp-content/uploads/2025/10/image-292-1024x441.png" alt="">
 <figcaption>
 SOL chart (Source: <a href="https://in.tradingview.com/symbols/SOLUSDT/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Moreover, the price movement of Solana reveals the ongoing downtrend that might gradually trigger the death cross emergence. The asset’s <a href="https://thenewscrypto.com/solana-sol-faces-pressure-how-low-could-it-fall-this-week/" target="_blank" rel="noopener noreferrer nofollow">price</a> could slip to a range of $191. Further bearish pressure may bring in its subsequent support at around $190 or even lower.&nbsp;
Contrarily, assuming the bulls took control, the Solana price might climb to the immediate <a href="https://thenewscrypto.com/solana-sol-price-action-a-short-lived-bounce-or-a-bear-trap-in-the-making/" target="_blank" rel="noopener noreferrer nofollow">resistance</a> at the $193 level. With a potential upside correction, the golden cross could take place, and the bulls may push the asset up for more gains to the crucial $194.&nbsp;
Furthermore, the daily Relative Strength Index (RSI) value of SOL is at 42.84, which implies its <a href="https://in.tradingview.com/chart/AHwivr5C/?symbol=BINANCE%3ASOLUSDT" target="_blank" rel="noopener noreferrer nofollow">neutral to slightly bearish zone</a>. If it drops below 30, the oversold condition may appear. While a move above 50 hints at recovery. Solana’s Bull Bear Power (BBP) reading of -7.10 signals strong bearish dominance in the market. The negative value shows that the sellers have a significant edge, with strong downward pressure.
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Solana (SOL) Slides: Can It Find Stability Before the Next Decline?

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