The cryptocurrency market has been experiencing significant volatility, and Solana (SOL) has been struggling to maintain its price. Despite the approval of the spot ETH ETF, the market traded lower on Friday, with Solana losing 12.38% since the week's start and 5.63% within the past 24 hours. This bearish sentiment suggests a prevalence of short selling in the market.

Solana has formed a symmetric triangle pattern in the 1D time frame, but failed to breach its resistance trendline, resulting in a strong bearish reversal. The altcoin's price has experienced a correction of 5.63% within the past 24 hours, and has shed approximately 2% over the past seven days, highlighting the increased selling pressure on the SOL token.

Solana's future price trajectory largely depends on its ability to hold above the current support zone. If the market manages to maintain SOL's price above this crucial level, the altcoin may retest its resistance level of $180.75. Furthermore, if the bulls successfully breach the resistance trendline of the symmetric triangle, Solana's price could potentially target its yearly high of $204.75 in the coming weeks.

On the flip side, if the bulls fail to regain momentum and the bears continue to exert their dominance, Solana's price may test its support level of $155.25. In a worst-case scenario, if the bears maintain their grip on the market, SOL could plunge further, potentially reaching its lower support trendline in the near future.

The question remains, will Solana be able to reclaim the $200 mark in the second quarter of the year? The answer lies in its ability to navigate through the current market volatility and regain its momentum. If Solana can successfully breach its resistance trendline and maintain its price above the current support zone, it may be able to target its yearly high and potentially reclaim the $200 mark.

However, if the bears continue to dominate the market, Solana's price may struggle to maintain its current level, and could potentially plunge further. The cryptocurrency market is known for its unpredictability, and only time will tell if Solana can regain its momentum and reclaim the $200 mark in the second quarter of the year.

In conclusion, Solana's price struggles amid market volatility have raised concerns about its ability to regain momentum and reclaim the $200 mark in the second quarter of the year. While the altcoin has formed a symmetric triangle pattern and has the potential to breach its resistance trendline, the current market conditions and increased selling pressure on the SOL token pose significant challenges. Only time will tell if Solana can overcome these challenges and regain its momentum in the coming weeks.