Solana ($SOL) has dropped below $200, reflecting a 12% weekly loss amid concerns over rising inflation and economic growth in the U.S. Analysts suggest this decline may present a buying opportunity, especially with a potential Spot ETF approval on the horizon. Key support is at $175, while resistance is at $225, as market dynamics remain influenced by macroeconomic factors and upcoming regulatory decisions. Additionally, the new layer 2 project, Solaxy (SOLX), aims to enhance Solana's blockchain performance, raising over $9 million in presale.