#MarketPullback
Solana’s False Breakout: Is the Rally Losing Steam? $SOL
On August 14, Solana attempted to break above its previous high, but the move turned out to be a false breakout. Within just three days, the price sharply reversed, dropping to $180.80.
This failed breakout suggests that bullish momentum is fading—at least for now.
In the short term, Solana may attempt to retest the $187.50–$191.50 resistance zone, but unless it breaks through with conviction, the bias appears tilted to the downside.
Key support levels to watch are around $174.80 and $160. A deeper correction is possible, though any move beyond that would be a longer-term development and should be reassessed as the price action unfolds.