🚀 $SOL retains $184 after technical correction, heading towards a new bullish phase?
Current price and technical structure
Current price: $183.92
Intraday range: high $185.67 — low $177.97
Solana maintains the key level of $184 after a pullback from the recent monthly high. Its structure remains within a short-term ascending channel.
Key factors of the day
A correction of +10% weekly is observed, while some analysts highlight a possible rotation towards Ethereum
Technically, a bullish cup & handle pattern is developing, with projected levels towards $219, $245, and even $260 in case of breakout.
Despite the drop, the network reports robust on-chain indicators and strong institutional interest, sustained in the medium term.
Key technical levels
Support: $180–$182
Resistance: $185–$186
Critical zone: consolidating above $184 allows looking towards $190, while a close below $180 would open risk towards $170–$175.
Institutional outlook / macro view
The current correction reflects a temporary redistribution, rather than a structural reversal. The technical formation and institutional interest act as support, keeping the likelihood of bullish resumption high.
Will you take advantage of this correction to add $SOL or do you prefer to wait for the breakout above $186? Comment your strategy 👇
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