SOL Price Analysis: Why is the $175 Level Important?

The price of Solana (SOL) is once again facing market pressure after a strong rejection at a key resistance level. Currently, SOL is trading around $183.28, down 2.48% after failing to break through the $210 zone. Traders are now paying attention to the $175–$180 area as a crucial point that could determine the next direction of movement.

SOL collapsed at the $210 resistance level. Solana's attempts to surpass the $210 level earlier this week ended in a sharp rejection, reflecting the classic scenario of "buy the rumor, sell the news." The market reaction was quite brutal, pushing the price back to $183. The $210 level has proven to be not only a regular resistance but also a "wall" that is hard to break through. Significant selling pressure in this area indicates that major market players are not yet ready to make room for SOL to continue rising further.

The $175–$180 area is a decisive moment for SOL. The current focus is on the important support level in the range of $175–$180. If buyers can maintain this support level, there will be a chance to recover to $195 with the possibility of testing the strong resistance at $210 again. However, risks still exist: failure to

If you like it, please give me a Follow 🫡