$SOL
🔹 1. Strong Sell Orders Around $180
Many traders have placed sell orders near the $180 level, creating a supply barrier. This often acts as a psychological and technical resistance.
🔹 2. Profit-Taking by Short-Term Traders
Traders who entered at lower levels (e.g., $160–$170) are locking in profits at $180, adding selling pressure.
🔹 3. Lack of Strong Buying Volume
There's not enough bullish momentum or volume to push through the resistance level. Without a significant catalyst or buying interest, the price stalls.
🔹 4. Market Sentiment and Macro Factors
Broader crypto market uncertainty (e.g., Bitcoin volatility, Fed announcements, or regulatory news) can impact confidence, leading to hesitation at key levels like $180.
🔹 5. Technical Indicators Are Overbought
On higher timeframes (4H/1D), RSI and other momentum indicators may be in the overbought zone, signaling a potential pullback or consolidation.
