Amid the market crash, the Solana price has taken a major hit, falling more than 56% from its $294 all-time high recorded back in January. Despite multiple attempts at recovery, each bounce has been sold off quickly, and the result has been steeper declines, ultimately affecting the broader Solana meme coin landscape . Even now, with some expecting the market to rebound, the Solana price is still facing major resistance, risking another 20% crash from here.

What’s Keeping The Solana Price Down?

Crypto analyst Paradise_Noir on the TradingView website has revealed that the Solana price is being suppressed by the Ichimoku Cloud. This has been happening as Solana has been slowly and steadily losing strength in the market, causing it to crash deeper with each fall, leading to lower lows a

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