#Solana has experienced a significant sell-off amid broader market downturns, with its price dropping below $140 and targeting a pitstop near $122.

The S&P 500 has declined close to 3% recently, adding to the bearish sentiment across crypto markets.

Recent technical indicators show that SOL is facing extreme selling pressure, with the #RSI and #MACD at levels not seen since mid-2023 and 2022, respectively.