Despite the strong movement in the monthly timeframe, solana seems to want to cool off a little bit before a continuation and in the weekly timeframe is showing several bearish divergences for almost the entire year of 2024.
So in resume solana could retrace around the $200 level initially and the last downside target will be between $180 to $160 , with various confluences wvap, fibonacci levels and the strong weekly bearish divergences and the retest of the bull flag.