SOLANA – Critical Support Zone Under Test 🔥📉
⚡ $SOL is currently trading at $176.95, down 14.35% in the last 24 hours, and has found itself at a make-or-break moment. After a sharp pullback from recent highs near $207, Solana is now testing a crucial support cluster around the $175–$183 range.
📊 This zone has historically acted as a strong foundation for rebounds, and technical indicators suggest we could see a recovery attempt if bulls can defend this level. The RSI is showing signs of stabilization, while the price action hints at a potential reversal pattern forming.
🎯 Two Scenarios Ahead:
Bullish Case: If SOL holds above $175 and reclaims the $197–$200 zone, we could see a push toward the $220–$235 resistance area, with $253 being the key weekly resistance that could unlock new all-time highs.
Bearish Case: A breakdown below $175 could trigger further downside toward the $160 level, potentially invalidating the bullish structure and signaling a deeper correction.
💭 The Big Question: Will Solana bounce from this critical support and resume its uptrend, or are we witnessing the formation of a lower high that could shift market sentiment?
