Solana has been showing resilience despite market volatility, holding steady above $185 for several sessions. At the moment, it’s consolidating near $190 and staying comfortably above the 100-hourly moving average.
Earlier this week, buyers pushed the price back above $192, with a quick move past $200 to touch $202 before easing back slightly.
Key price zones to watch include resistance at $198 and then $202. A strong close above $202 could open the door for a push toward $210 and possibly $220. On the downside, support is sitting around $192, with heavier buying interest near $188, which lines up with the 61.8% Fibonacci retracement of the move from $174 to $210. If that level fails, the price could drift toward $180 or even $175.
From a technical perspective, the MACD is still in positive territory but showing signs of slowing, while the RSI has dipped below 50, suggesting consolidation before the next potential move.
Overall sentiment remains cautiously optimistic. If buyers manage to reclaim $202 with strong volume, the next leg higher could take shape. Otherwise, price action may remain range-bound in the short term. The next few sessions will be key in deciding whether Solana becomes the standout altcoin or continues its sideways grind before the next breakout.