🔻 $SOL Pulls Back After Topping $206 , Correction in Progress?
#Solana just faced a sharp rejection after hitting a local high of $206.47, with price now down to $178.94 (-3.41%).
📉 Short-term breakdown:
▪️ Price dipped below the 7-day MA ($187.38
)
▪️ Volume declining — suggesting momentum loss
▪️ Support may be found around 25-day MA ($166.84)
▪️ 24H Low: $175.69 | 24H High: $191.86
📊 Volume still holding at:
▪️ SOL: 1.27M
▪️ USDC pair: $233.69M
SOL had a strong rally from $126 — but now traders are locking in profits. This pullback could be a retest… or a deeper dip ahead. Watch key levels closely. 👀