🔥 $SOL cae 2.88 % at $177.88 through sideways range – ready for the bounce?
Current price and clear technical structure
Solana is trading at $177.88, with an intraday range between $177.50 and $185.64. After the initial breakout above $200, it has corrected towards $178 while maintaining a sideways consolidation channel.
Key factors
Despite the pullback, it remains strong after its monthly rally (+25%) and recent formation of a bullish pattern.
Technical dominance: Elevated RSI (~72), with the EMAs positioned as key support between $173–$183.
Derivatives show a 66% increase in futures volume and a 16% increase in open interest: inflow of long-term capital.
Technical level of the day
Key support: $175–$178
Immediate resistance: $185–$190
Critical zone: Staying above $178 would open the way towards $190–$200+, consolidating bullish momentum.
Institutional outlook / macro view
Solana continues to consolidate its narrative as a “blue-chip altcoin” thanks to derivative flows, bullish projections, and positive technical signals. Its current drop seems like a healthy correction in a structural bullish context.
Would you enter now near $178 or would you prefer to wait for confirmation above $185? Leave it in the comments 👇
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