Recently, the Solana market has shown a noticeable downward trend. The latest price is $208.11, which represents a significant fall from the high of $214, accompanied by the appearance of an upper wick, indicating that upward pressure in the market is increasing.

From the daily perspective, the close shows a small bearish candle with a long upper wick, which indicates that the bullish strength is being hindered and the bears are gradually taking control of the market. This pattern typically suggests that there may be further falls in the short term.

Based on the current market situation, investors should maintain a cautious attitude. If the price is around $208, short selling may be considered, with a target price set at around $202. However, the market is ever-changing, and investors should thoroughly assess risks before making any decisions, and conduct a comprehensive analysis combining other technical indicators and fundamental factors.

It is worth noting that while Solana may face downward pressure in the short term, its position as a high-performance public chain remains solid in the long run. Investors should not only pay attention to short-term price fluctuations but also continuously monitor the development of the Solana ecosystem and the implementation of its applications, as these factors may have a more profound impact on its long-term value.