Solana Bears Eye $211 as Downtrend Gains Momentum

• Bullish flag formation on SOL price charts suggests both short-term and long-term negative price movement.
• The SOL price has a potential 7% descent to the $211 mark if it slips beneath $227.
• The weak interest of buyers who participate less in trading creates additional risks because their absence indicates declining prices.

Solana (SOL) is approaching a crucial technical juncture as price action suggests a potential breakdown. A bearish flag formation has emerged following a recent decline, and technical indicators point toward further downside risk. If the support level around $227 fails to hold, SOL could retest the horizontal resistance before targeting a lower price range near $211.

Bearish Flag Suggests Further Downside

A bearish flag pattern has developed on the four-hour chart, signaling a continuation of the recent downward movement. The price has been trading within this structure, with multiple rejections from the descending trendline. SOL/USDT is currently trading at $225.96 with a price decline of 2.0%.If selling pressure intensifies, a confirmed breakdown could push SOL toward its next significant $225.48 support zone.

Key Support and Resistance Levels

The horizontal support at approximately $227 remains a crucial level to watch. Historically, this level has provided strong support, preventing deeper declines. However, repeated tests of support zones often weaken their strength, increasing the chances of a breakdown. If SOL drops below this threshold, the next support level is projected around $211, marking a decline of nearly 7% from the current price.

On the upside, the descending trendline serves as resistance, capping recent price movements. The bearish outlook will become invalid if prices exceed this key level while signaling a potential market trend shift. The market’s overall mood together with trading volume patterns will deeply influence which way prices will move into their subsequent significant shift.

Market Sentiment and Broader Context

Market-wide sentiment remains mixed, with macroeconomic factors and overall cryptocurrency trends influencing SOL’s price action. Trading volume has been relatively declined, suggesting a lack of strong buying interest at current levels. If bearish momentum continues, traders may look for further confirmation before initiating new positions.Solana’s price action is at a pivotal point, with technical indicators suggesting a potential breakdown. If the bearish flag confirms, SOL may see additional losses toward the $211 level.