Solana Price Declines Below $250 with Key Resistance at $235

Solana (SOL) Price Update

SOL price declined below $250 and $240 against the US Dollar.
Currently trading below $240 and the 100-hourly simple moving average.
Resistance levels noted at $235 and $242, with a bearish trend line forming.
Recent low formed at $225; price is consolidating above this level.
Next major resistance is near $250; a close above could lead to increases toward $260 and $275.
If SOL fails to breach $235, it may decline further, with initial support at $225 and major support at $222.
A break below $222 could push the price towards $212, and potentially $200.

Technical indicators show the MACD losing bullish momentum and RSI below 50.