Altcoins News
By Evie Vavasseur
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Solana Faces Renewed Selling Pressure. Solana attempted a brief recovery early Monday, climbing above the $180 and $182 levels before…
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Key Technical Barriers at $188 and $192. Technical charts reveal a key bearish trend line forming with resistance around $192, capping all…
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Support Levels to Watch: $175, $172, and $165. On the downside, Solana faces several critical support zones.
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Momentum and Market Structure Turn Bearish. Solana’s technical structure is showing clear signs of deterioration.
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What Could Trigger a Reversal?. Despite the current weakness, a few factors could support a short-term recovery.
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Outlook: Cautious Optimism Amid Downside Risk. For now, Solana remains in a fragile technical state, with sellers maintaining a tight grip.
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Solana (SOL) faced renewed selling pressure this week, with its price dropping below key support levels and showing signs of further weakness.
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Solana attempted a brief recovery early Monday, climbing above the $180 and $182 levels before encountering strong resistance near $188.
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According to Kraken data, SOL formed a local high near $189 before sellers stepped in, triggering a swift reversal.
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The current price action reflects a clear downtrend, as Solana trades below the 100-hourly simple moving average (SMA) and the 23.
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For any meaningful recovery, SOL must reclaim $188 and close decisively above the $192 resistance zone.
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However, traders remain cautious. The repeated rejections near $188 suggest strong sell orders from short-term holders and automated trading systems.
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On the downside, Solana faces several critical support zones. Immediate support sits near $175, where buying activity briefly halted Monday’s decline.
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A breakdown below $172 could accelerate losses toward the $165 region — a zone that coincides with heavy liquidity and a prior consolidation base from September.
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This scenario would likely be accompanied by a broader crypto market correction, as investors reduce exposure to high-beta assets amid macroeconomic uncertainty.
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