Solana’s weekly losses mount up – will SOL price slide further?

Solana’s recent performance indicates an 11% decline over the last week due to bearish sentiment. The RSI measuring 40.77 reflects weakening momentum, with potential for further downturn if the price breaches the $140 mark.

The Ichimoku Cloud analysis reinforces bearish pressure, while the current EMA structure suggests SOL will likely remain under pressure unless resistance at $150 is overcome. Support is noted at approximately $141.53.