Trend Context:
Solana recently peaked around $253, but is now in a correction phase, meaning the price is temporarily moving down within an overall uptrend.Current Price Area:
Around $185, which is close to the 25-week moving average (MA25) and the 0.618 Fibonacci level (~$176.88) — both of which are strong potential support zones where buyers often re-enter.
🔹 Key Technical Zones
Supports:
$176.88 (0.618 Fibo): The most important level right now. If price holds here, it could rebound upward.
$155.82 (0.786 Fibo): A deeper support — if reached, it might form the last defense for bulls.
Resistances:
$206.48 (0.382 Fibo): First barrier if price starts to recover.
$224.79 (0.236 Fibo): Second, stronger resistance near previous consolidation.
⚙️ Indicators:
RSI (6): Around 41.75 → slightly oversold, but not extreme. This means selling pressure is easing, but momentum hasn’t reversed yet.
MA(7) < MA(25): Short-term trend is weak (bearish).
MA(99) Upward: Long-term structure still bullish — so this may just be a temporary pullback.
🔍 What This Means in Simple Terms
Solana is cooling off after a strong rally.
If it stays above $176–180, it’s accumulation (smart money buying quietly).
If it closes the week above $191–192, it could resume the uptrend toward $206+.
But if it breaks below $176, a deeper correction to $155 or lower becomes likely.
🔔 Final Takeaway
This isn’t bearish panic, it’s a technical cooldown. Smart traders often look for confirmation of strength near key supports (like a strong green candle, or rising volume) before entering.