Solana (SOL) has dropped over 6% in the past seven days and has been trading below $150 since 03/06/2025. The current trend shows a clear price decline signal through various indicators.
From a "death cross" to increasing ADX and a red Ichimoku cloud, technical indicators suggest increasing downward pressure. With SOL approaching an important support level, the next few days could be decisive for its price direction.
SOL Ichimoku Cloud Shows Price Decline Signal
Solana's Ichimoku Cloud chart shows a clear price decline structure, with price action trading below both Kijun-sen (red line) and Tenkan-sen (green line).
The Lagging Span (green leaf line) is also below the price candles and cloud, reinforcing the negative outlook. The forward Kumo is red and declining, indicating strong resistance in the short term.
SOL Ichimoku Cloud. Source: TradingView.Solana has struggled to overcome short-term resistance levels and remains stuck in a price decline channel. The current thin cloud indicates weak support, making the price vulnerable to further decline if downward momentum continues.
To reverse, Solana needs to break through Kijun-sen and move strongly towards the cloud, but currently, the trend remains tilted towards decline.
Solana's DMI Shows Sellers in Control
Solana's DMI chart shows ADX rising strongly, currently at 40.87—increasing from 19.74 just three days ago.
ADX (Average Directional Index) measures trend strength, with values over 25 indicating a strong trend and over 40 indicating a very strong trend.
This increase confirms that the current downward trend of SOL is gaining momentum.
SOL DMI. Source: TradingView.Meanwhile, +DI has dropped from 17.32 to 8.82, while -DI has risen to 31.09 and remained stable for the past two days.
This structure indicates that sellers are strongly in control, and the downward trend is strong and increasing.
As long as -DI remains dominant and ADX remains high, SOL is likely to continue facing pressure in the short term.
Could Solana Drop Below $110 Soon?
Solana has recently formed a "death cross", a price decline signal when short-term moving averages cross below long-term averages.
Currently, it is approaching an important support level at $120—if this level is broken, Solana's price could drop to $112, and potentially below $110 for the first time since February 2024.
SOL Price Analysis. Source: TradingView.If buyers intervene and buying pressure returns, SOL could recover to the resistance level at $136.
A breakout above that could lead to a rise to $147, a level that was a strong resistance just five days ago.
