$SOL
Friends, the chart is in front of us: Solana is at $183.50.
From $205.30 today, we plummeted to $183.45 – a loss of $21.85 in hours, and a 6.07% drop in 24 hours.
The price has recovered slightly to $184, meaning we're in the 23.6% retracement zone, and the next level is at $187.50 – just $4 above us.
Every attempt to rise to $185-$186 is met with a wall of institutional selling of $1 million or more – this isn't a coincidence, it's programmed pressure from bears waiting to liquidate.
Today's volume is $4.69 billion – strong selling, not panic selling. This means smart money is liquidating long positions, setting the stage for the next drop, especially with BTC's high dominance (59%).
Below $183?
There is no real support until $180 (38.2%), then $177 (50%) – and that's where the sell-off begins, with the risk of falling to $170 (61.8%).
I will only enter a buy position on a strong close above $187.50 on the 15-minute timeframe.
If $183 is broken → my first target is $180, with a stop loss above $183.50.
If volume cools down below $4 billion → enter a defensive buy position at $183, with a stop loss below $182.
Keep a close eye on $187.50. The market is giving its signals to those waiting for confirmation.
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