Today's price of SOL is around $195, following a recent bounce to ~$205–208.

Reason for the drop: traders taking profits, technical resistance, and consolidation.

Technical picture

Resistance: around $205–208 — a strong level that is restraining growth.

Support: $195 — if it falls below, it may drop to $183–185; deeper support at $175–180.

Structure: SOL recently broke out of an ascending channel, but selling pressure prevented it from establishing above $200.

What analysts are saying

Solana briefly broke $195 before correcting to $183 — such moves signal uncertainty in the trend in the short term.

Technical indicators show that growth is only possible after a stable close above $205. Otherwise — more likely consolidation.

On the other hand, Solana has strong fundamental drivers: improvements in the ecosystem, network upgrades, and investor interest. If momentum appears — the target could be $220+.

What’s next?

If SOL holds the $195 level and can break $205 — growth to $210–220 is possible.

If the price drops below $195 — a test of the support zone at $183–185 or even $175 is quite likely.