The price of Solana$SOL may recover

At the time of writing, the price of Solana is $180, remaining above the support level of $175. Considering investor behavior, a significant decline is unlikely. The price is supported by the influx of mature assets and sustained investor interest.

If long-term holders maintain resilience and do not start selling, Solana will get a chance to rise above the support at $189. Successfully holding this level will allow the altcoin to approach the resistance at $201, which it has failed to break through twice in the last month. This could become a turning point for Solana.

If selling pressure increases and the price falls below $175, Solana risks reaching $163. This would negate the bullish scenario, prolonging the recent decline and increasing the risk of further drops. The outcome depends on investor sentiment and market conditions.$LAYER $TREE