Solana (SOL) is currently consolidating after a strong correction over the summer and is oscillating between important support and resistance areas. Immediate support is at $155–$164, supported by on-chain purchases and technical bounces. If this zone does not hold, a decline to $126–$140 is likely. The 200-day line (EMA 200) is a key mark for the long-term trend and also runs close to $154–$155.
On the upside, $170–$175 is considered critical resistance; a dynamic breakout above this could trigger an attack on the areas of $188, $200, and $220. Specifically in the area of $188, a lot of liquidation pressure is expected, which could lead to a rapid increase if this mark is exceeded. The current all-time high of Solana remains far away at around $294.
Indicators like the RSI show a neutral market, while the MACD indicates slight weakness; however, the medium-term trend with a rising 200-day average remains intact. The price action allows for stabilization and potentially renewed upward dynamics, provided that the key supports hold.
Conclusion: The key regions for trend decision are $155–$164 (support) and $170–$175 (resistance). Movements outside of these ranges are directional for the coming weeks.