Solana (SOL) — Potential Drop Toward $175
Solana continues to face strong resistance in the $210 zone. The market has already confirmed this level multiple times as sellers consistently defend it, leading to sharp pullbacks. Historically, the last two rejections from this area resulted in declines back to the $175 support — a level that has proven to be a reliable base for buyers.
At this stage, if broader market sentiment remains unchanged, SOL is likely to revisit the $175 area once again. Traders should closely monitor how price reacts at this support:
Bullish scenario: A strong rebound from $175, especially if accompanied by confirmed reversals in BTC and ETH, could bring SOL back into the $200–$210 range.
Bearish scenario: Failure to hold above $175 may accelerate downside pressure, opening the door for deeper corrections.
Trading note: Entering long positions should only be considered if BTC and ETH show clear signs of recovery. Their confirmation will likely trigger a broader market rebound, supporting SOL’s upside potential. Until then, patience remains key.
