Solana's price has been moving within a narrow range between $145.68 and $153.67 since April 23. Lately, there has been a growing bearish pressure that may lead to a downward breakout. The Moving Average Convergence Divergence (MACD) indicator for SOL is on the verge of signaling a potential sell-off as the MACD line approaches crossing below the signal line, indicating weakening price strength.

Additionally, the Balance of Power (BoP) for SOL is currently negative at -0.12, suggesting that sellers have taken control of the market direction. This imbalance between buying and selling pressure could lead to a downward trend in SOL's price.

As the selling pressure mounts, there is a risk for SOL to drop below the support level at $145.68. A significant breach of this level could confirm a short-term downtrend, potentially pushing the price down to $142.32 before finding support. However, if buyers step in and strengthen their position, SOL might surge past the resistance level at $153.67, paving the way for a potential rally towards $171.50.