Recently, Solana (SOL)'s market performance has attracted attention. After reaching a high of $244 yesterday, the SOL price experienced fluctuations at a high level, followed by a higher trade volumes downward trend.

Currently, SOL has broken below the key support level of $240, and there are still signs of a downward trend. From the 4-hour candlestick chart, a series of bearish candles has formed, indicating a weak technical outlook. Further observing the MACD indicator, it is turning downwards and is about to form a death cross, which suggests that SOL may face further downward pressure in the short term.

For recent operations, it is advisable for investors to remain cautious. If the price touches 240 dollars again but fails to effectively break through, a high position shorting strategy may be considered. In terms of swing trading, the area around 200 dollars is worth paying close attention to.

From a medium to long-term perspective, the $180-$160 range may become an important support zone. This price range could provide good entry opportunities for long-term investors.

It is worth noting that the cryptocurrency market is constantly changing, and investors must act cautiously and consider their own risk tolerance when making any investment decisions. At the same time, continuously following market dynamics, project fundamentals, and overall industry development trends can help better grasp future investment opportunities in Solana.