Solana (SOL) has dropped nearly 13% in the past four days, reflecting a strong decline in important technical indicators. The Ichimoku Cloud continues to maintain a downward trend, with price action stuck below a thick resistance zone and short-term lines reinforcing downward pressure.
Meanwhile, SOL's BBTrend has fallen to -5.68, the lowest in 11 days, indicating increased selling activity. With EMA lines still in a declining structure and price struggling to recover to $150, Solana continues to face strong resistance and an uncertain short-term direction.
Ichimoku Declining Configuration Affects Solana Price
Solana's Ichimoku Cloud chart shows a continuous declining structure. Price action remains below Kumo (cloud), although the cloud has shifted from red to green in the near future, still indicating overhead resistance.
The green Tenkan-sen (conversion line) is below the red Kijun-sen (base line), reflecting continued short-term downward momentum.
Candles are struggling to break through the Tenkan-sen, showing weak buying strength and limited price increase pressure.
SOL Ichimoku Cloud. Source: TradingView.Looking ahead, the cloud itself thickens and flattens, indicating that even if price attempts to recover, it will encounter strong resistance when approaching the cloud zone.
The leading span lines—Senkou Span A (green) and Senkou Span B (red)—are quite far apart, reinforcing uncertainty and lack of price increase confidence.
The overall trend remains tilted towards decline until price clearly breaks into or above the cloud.
Solana BBTrend Falls into Price Decline Zone
Solana's BBTrend has sharply dropped to -5.68, marking the lowest point in 11 days.
This decline follows a brief increase yesterday when the indicator approached the 1.5 zone, suggesting a temporary upward momentum has reversed.
The strong movement into the negative zone indicates increasing weakness and fading buying pressure in the short term.
SOL BBTrend. Source: TradingView.BBTrend (Bollinger Band Trend) measures price strength and movement relative to Bollinger Bands.
Values above 1 indicate strong upward trend, while values below -1 indicate a strong downward trend.
BBTrend at -5.68 places Solana deep in the decline zone, signaling a strong downward movement and showing that volatility is expanding favorably for sellers. If this continues, it could increase the likelihood of continued downward price pressure in the short term.
SOL Struggles at $150 Resistance Level After Sharp Decline
Solana's EMA lines continue to maintain a declining structure, with short-term moving averages remaining below long-term lines—confirming the downward trend structure.
Price action has struggled to recover to $150 in recent days, after dropping more than 10% due to the recently escalating Israel-Iran conflict.
Inability to regain this momentum reinforces the current weakness in buying pressure.
SOL Price Analysis. Source: TradingView.If Solana can overcome the $150 resistance, it could trigger a recovery to $163 and $168, with potential for further increase if upward momentum is built.
However, if the correction continues, downward pressure could push the price back to the $141 support zone.
The EMA structure suggests that any price increase attempts may face strong resistance until short-term moving averages begin to curve upward and cross above long-term lines.
