Solana has witnessed a notable decrease in price as it exited an ascending channel in a downtrend. The altcoin's value dropped by 13% recently, nearing the 20-day Exponential Moving Average (EMA) amid rising selling pressure. The decrease in SOL's Money Flow Index (MFI) indicates a bearish market sentiment, with a shift towards selling activity. Despite the downturn, SOL futures investors remain positive, anticipating a potential price surge if bullish sentiment prevails. However, sustained selling pressure could lead SOL's price to decline to $151.95 from the current $169.94 level.
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