Key Insights:
Solana price formed a double top around $209, failing to break resistance twice, which often signals trend weakness.
Key support at $176 is at risk. If it breaks, the Solana price could drop to $155, a 17% fall from recent levels.
CMF remains weak, funding rates are flat, and exchange inflows suggest possible sell pressure ahead.
Solana price has had a strange run in the past few months. Solana price jumped more than 4% in a single day. But in the past three months, gains were only about 3%. That means Solana went up and down a lot without real direction.
Traders have seen SOL price stay between $170 and $210 for weeks. Many thought it would break out, but now a big drop is possible.
One bearish chart pattern, mixed with exchange flows and open interest, shows that a 17% crash could happen soon. The risk is real, and it’s coming from inside the chart.
CMF Shows Weak Buyer Support Despite Higher Solana Price
The CMF, or Chaikin Money Flow, is a simple way
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