$SOL

As of February 18, 2025, Solana (SOL) is experiencing bearish momentum. The current price stands at $169.27, reflecting a decrease of $15.56 (approximately 8.42%) from the previous close. Today's trading range has seen a high of $186.63 and a low of $164.21.

Notably, SOL has breached the critical support level at $180, which had been a robust floor since November 2024. This breakdown suggests potential for further declines, with analysts eyeing the $155 mark as the next support zone.

Despite the price downturn, trading activity has intensified, indicating sustained investor interest. On-chain data reveals significant accumulation by long-term holders, with approximately $115 million worth of SOL withdrawn from exchanges recently.

In summary, while Solana's short-term outlook appears bearish due to the breach of key support levels, the increased accumulation by long-term investors may signal confidence in its long-term potential.