🔥 $SOL cae at $163.84 after strong correction — strategic buy?
📊 Current price and clear technical structure
Current price: $163.84
Intraday range: $159.59 – $164.64
SOL has retraced about 14% from the peak at $205 (consolidation started), testing support zones between $160–$165. It remains within the medium-term bullish channel, thanks to whale accumulation (m.it).
⚙️ Key factors
A whale liquidated positions worth $17M in SOL, causing a short squeeze and triggering the current drop.
Ainerco highlights that smart money continues to accumulate while retail panics, creating conditions for a technical rebound from current levels.
Despite the pullback, a bullish potential of +30% is projected for August, with attention to the $160 support as a key entry zone.
CoinCentral reports that the inability to break recent resistances is slowing momentum, although interest in SOL from ETFs and corporate funds remains strong.
🔧 Technical level of the day
📌 Support: $160–$165 (corrected highs and base of the channel)
📌 Immediate resistance: $175–$180
🎯 Critical zone: staying above $160 would allow a rebound towards $175, with potential projection to $190–$200
🌐 Institutional outlook / macro vision
The staking ETF (SSK) and corporate purchases (e.g., Upexi) show that Solana is valued as a structural yield asset. Despite the correction, its tension on key support reinforces the narrative of institutional opportunity for long-term portfolios.
Will you buy $SOL close to $160 or wait for confirmation of a rebound before entering? Share your strategy! 👇
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