Solana price analysis (Bearish) — 210.77 USDT (-3.76% 24h)

SOL is currently trading at $210.77, showing moderate weakness with a 3.76% decline over the past 24 hours. The price sits below both the 20-day SMA ($214.75) and 50-day SMA ($217.79), indicating a bearish near-term structure. However, the RSI reading of 35.28 suggests the asset is approaching oversold territory, which could attract dip-buyers seeking value. The 24-hour volume of nearly $967 million remains healthy, showing sustained interest despite the price drop. Current volatility at 3.2% is manageable for swing trading setups. Traders should watch for a potential bounce from these oversold levels, with key resistance at the 20-day SMA. A break below $205 could signal further downside toward $195 support. Consider scaling into long positions on weakness with tight stops, while short-term traders might wait for RSI recovery above 40 for confirmation of momentum shift.