$SOL

🔸 Current price: $175.08

🔸 Daily change: -5.12%

🔸 Highest price: $187.13

🔸 Lowest price: $173.00



📉 Overall trend:


The Solana (SOL) currency is experiencing significant selling pressure after breaking the support level of $180, which has led to a continued decline towards $173.

The price is currently moving below the moving averages (MA5 and MA10), confirming that the overall short-term trend is bearish, with a negative outlook remaining unless the level of at least $182 is regained.



📊 Technical indicators:



  • RSI (Relative Strength Index):

    Currently recording 23.86, which is in the area of strong selling saturation, indicating a possibility of temporary upward rebound (Bounce) in the near term.


    MACD (Moving Average Convergence Divergence):

    Shows a clear negative crossover, with the MACD line remaining below the signal line, indicating the continuation of bearish momentum, but the narrow gap between the lines may pave the way for a temporary balance phase before any reversal.


    Trading volumes (Volume):

    Increased during the drop, confirming intensive selling by traders, but the presence of long red candles may indicate the beginning of a new accumulation phase near the current support.



🧭 Support and resistance levels:



  • First support: 173 dollars


    Second support: 165 dollars



    First resistance: 182 dollars


    Second resistance: 190 dollars



🔮 Near-term technical forecast:


If the price holds the support at 173 dollars and does not break it with a daily close, we may see a rebound towards levels of 182–187 dollars in the coming days.

However, a clear break of the 173 level may open the way towards the area of 165 dollars before any new upward attempts.



💡 Recommendation for investors:



  • For short-term traders:

    It is preferable to wait for confirmation of the rebound from the level of 173 dollars before opening buy orders, with a first target at 182 dollars and a stop loss below 170 dollars.


    For long-term investors:

    Solana remains one of the strong projects in the blockchain sector, and the current drop may represent a gradual buying opportunity in the long term, especially if the price stabilizes above 165 dollars.



📌 Summary:

The short-term trend is still bearish, but momentum indicators show clear selling saturation, which puts the market in a state of anticipation for a possible rebound near current support areas.

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$SOL