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Solana (SOL) is currently struggling around $163.45 and facing multiple technical and market pressures that may drag price down by 18โ22% this week.
๐ 1) Stuck under major resistance
SOL is stuck below its 50-day Simple Moving Average (around $153โ$155).
As long as price stays below this line, upside moves remain limited.
๐ 2) Weak buying pressure
Cumulative Volume Delta (CVD) is falling faster than price โ showing buyers are losing strength.
Money Flow Index (MFI) is also dropping, meaning less fresh money is entering SOL.
โ ๏ธ 3) Long squeeze risk
SOL has been moving sideways in a tight triangle pattern.
If price breaks below the lower side (around $153), traders who went long with leverage might panic-sell โ speeding up the drop.
This could push SOL toward the $130โ$135 zone quickly.
๐ถ 4) Meme coin volatility
Solana is home to many meme tokens (like BONK, PENGU, etc.).
When sentiment turns negative, meme coin sell-offs can drag SOL down further.
๐ 5) External uncertainty
Trade tariff tensions are pushing investors into risk-off mode.
Meanwhile, the Solana ETF news adds mixed signals
๐ โ Key levels to watch:
Resistance: $153โ$155 (50-day SMA)
Support: $153 (triangle support), $140, and deeper $130โ$135 if panic selling starts
If SOL stays above $153, bulls could try again toward $164 and $175.
But falling below $153 could trigger a quick move to $130.
๐ง ๐ What traders can do next:
Watch triangle support at ~$153: break below = bearish confirmation.
Keep an eye on meme coin volume โ sudden drops can warn of incoming volatility.
โ Bottom line:
Solana is under pressure: low buyer demand, risk of long squeeze, and external worries.
If the $153 support breaks, a drop toward $130 could happen fast โ but holding above it keeps a recovery toward $164 possible.