Solana has recently encountered significant resistance near the $252 mark, leading to a notable price decline. Over the past week, the cryptocurrency fell by more than 10%, reaching a low around $206 on Wednesday before stabilizing in the $210–$212 range. This pullback comes amidst a broader market correction following the U.S. Federal Reserve’s recent 25 basis point rate cut on September 17, which triggered a $1.7 billion in liquidations across the crypto space. With investor sentiment cooling, the Fear & Greed Index has remained in the cautious zone, fluctuating between the high 30s and low 40s.