The price movement of Solana (SOL) is undergoing a critical period. The weekly chart shows that the trend has turned into a falling state, while the daily chart indicates that the price is testing the support of the 200-day MA. The technical indicator SKDJ has entered the Oversold area, which may signal an opportunity for a rebound in the short term.

From the daily chart level, we may currently be in the fourth wave rebound stage. Investors should closely watch whether SOL can break through the key level of $171.75 in the near term. If it successfully breaks through, it may test the resistance level of $179 in the first half of next week. However, if the price cannot hold, the range of $159-160 will become an important support, which coincidentally aligns with the mid-band support level on the monthly chart.

It is worth noting that if the daily chart forms a fifth wave fall, combined with the weekly chart's fourth wave pullback, SOL may further test the major trend support zone of $140-150. This area could be a potential buying opportunity worth watching for medium to long-term investors.

For participants and investors in the Solana ecosystem, the current market environment is both challenging and full of opportunities. Before making any investment decisions, it is advisable to conduct a comprehensive analysis that combines macroeconomic factors, project fundamentals, and individual risk tolerance. Keeping a close eye on market trends and flexibly adjusting strategies may help seize potential investment opportunities amid this wave of volatility.