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$SOL Price Targets $180 Amid Headwinds

$SOL value today is bearish as bulls face headwinds in attempting to break SOL price past the key resistance level of $180. The RSI on the daily price chart shows that the momentum is currently bearish. Besides having a reading of 46, the RSI has flattened, an indication that traders are not willing to accumulate at the current price.

The DMI indicator shows a similar bearish outlook as the -DI line (blue) oscillates below the +DI line, a sign that sellers are in control. This means that Solana could extend the downward moves and underperform against rivals such as Ethereum. The ADX line is also tipping south, a sign that the current trend is weak.

A major support zone lies below the current Solana price, and looking at historical patterns, $SOL tends to bounce each time it enters this zone. This means that bulls may have to wait until Solana drops to between $168 and $169 before the next bullish leg.

Conversely, if buyers start accumulating Solana now, the price may bounce to test the first resistance level at $178. Once it breaks this resistance, SOL price will aim for $185 and possibly extend the upward trend to the $300