Solana Price Alert:
Solana ($SOL ) is facing intense selling pressure, sliding from a recent peak of $186.80 to the $174–$175 range, signaling a shift from bullish momentum to bearish sentiment. In just two hours, whales withdrew over 146K SOL, contributing to a total net outflow of 162K SOL, as large holders and institutions locked in profits.
Short-term charts are dominated by red candles, confirming sellers’ control. However, the market isn’t entirely bearish—signs of recovery are emerging. A notable whale recently bought 71K SOL (worth about $12M) and staked it via Kamino. Institutional interest remains strong, with $137M in ETF inflows since mid-July, while Solana’s Total Value Locked (TVL) has climbed to a three-year high in SOL terms. Network activity also remains at record highs, despite some major players like Galaxy Digital unstaking for profit-taking.
For now, $175 is the key support level. A bounce from here could lift prices toward $181–$183, with $178 as a crucial breakout level—if broken with strong volume, the next targets could be $189 or $200. But if $174 fails, bearish momentum could accelerate further.
Trading Guidance:
Holders: Avoid panic selling near support; wait for a potential rebound.
Buyers: Stay patient until there’s a clear reversal signal.
Active Traders: Use tight stop-loss orders just below $174 to manage risk
With strong fundamentals and continued institutional inflows, a sentiment flip could spark a sharp SOL recovery.
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