SOL has been seeing bearish price action over the last few weeks. With BTC falling, SOL has fallen all the way back towards the initial break out resistance of halfway January.
I'm currently waiting for either of two things to happen: - A move to $23 and above, which would signal a continuation of trend and would possibly be the start of a move towards $30. - A break of the dotted support (previous resistance), which could indicate further weakness.
Bitcoin is the leader here. If BTC will go up, so will SOL, same goes for bearishness.