#ProjectCrypto Solana (SOL) is experiencing downward pressure today, with its price dropping to around $160.9, a decrease of nearly 4% over the past 24 hours. The main support at $168–170 is at risk of being broken, which could drive the price toward $120 if the negative trend continues. Technical indicators show a bearish tendency, amid an increase in short positions and a decline in network activity. On the other hand, there is cautious optimism about the possibility of a price rebound to $190–200 if momentum is regained and nearby resistances are broken. The SEC's decision to postpone the review of the Solana ETF until October has added some negative pressure. Nevertheless, some analysts believe that SOL could reach $300 in the medium term if conditions improve. The market is in a state of cautious anticipation, with the current support being the dividing line between a deep correction and a potential return to the upside.
