Solana, a popular cryptocurrency, has been on a downward trend for months, losing nearly 30% of its value. Despite this, there are signs that the coin's price could bounce back. Solana's Open Interest, a measure of market activity, has been increasing, indicating a potential reversal. The coin's price has also been oversold, and technical indicators suggest a trend reversal is possible.

Solana's price has been testing a key support level of $133, which has held for four months. If the coin can hold this level, it could gain momentum to retest the $174 resistance level. A breakout above $141 could confirm a rally. The Crypto Fear and Greed Index is still in the "greed" zone, indicating a potential uptrend.

While Solana's price has been declining, Open Interest on Binance has remained stable, suggesting high interest in maintaining positions. This, combined with technical indicators and sentiment analysis, could confirm a potential reversal.

In conclusion, Solana's price could bounce back if it holds the $133 support level and gains momentum. With increasing Open Interest and oversold technical indicators, the potential for a reversal is high. However, traders should keep an eye on trading volumes to confirm a breakout rally.