Solana ($SOL) has been under close observation after a volatile period of sharp rallies and swift retracements. According to analyst Trader_XO, $SOL took 12 days to climb from $200 to $253, only for most of the gains to reverse in just seven days.  This quick unwind raises concerns about market strength and suggests a potential shift in context. Trader_XO notes that a lower high could present another selling opportunity, reflecting the cautious sentiment among traders.