SOL Pulls Back from $184 — Correction or Setup for the Next Leg Up?
After an impressive rally that took Solana (SOL) to $184.88, we’re now seeing a pullback, with price currently at $167.26, down -3.76% on the day.
Here's what the daily chart reveals:
EMA(7) has just crossed below the price, showing weakening short-term momentum.
However, EMA(25) at $159.06 and EMA(99) at $155.05 still point to a strong bullish trend in the bigger picture.
The RSI(6) is at 48.77, a neutral zone that suggests the correction may still have room to continue or stabilize before another move.
Volume has decreased after the peak, indicating the pullback is not panic-driven — more like a cooldown phase after a parabolic run.
Key levels to watch:
Support: $159–$160 (EMA25 zone)
Resistance: $174 and the recent high at $184.88
A strong bounce from the $160 area could confirm it as a launchpad for another bullish move.
My personal take:
I see this as a healthy correction after SOL’s explosive move. If the $159 level holds, I’ll be watching for a bullish engulfing candle or volume spike to signal a re-entry.
My personal take:
I see this as a healthy correction after SOL’s explosive move. If the $159 level holds, I’ll be watching for a bullish engulfing candle or volume spike to signal a re-entry.
Solana continues to attract developer activity and ecosystem growth, making it one of my top Layer 1 plays for 2025.
What’s your strategy on SOL — buying the dip or waiting for confirmation?
