🚨 SOLANA ON THE BRINK – $175 SUPPORT UNDER FIRE
Solana ($SOL ) is hanging by a thread as it tests the crucial $175–$177 support zone. After a sharp rejection near $190, bearish pressure has intensified, dragging SOL below key moving averages (5, 10, and 20 MA), signaling sellers remain in control.
GemXBT confirms sustained downside momentum, with no signs of bullish reversal yet. The RSI is now in oversold territory, hinting at the possibility of a relief bounce, but technicals remain weak as the MACD stays below the signal line.
AlgoCats highlighted this key daily zone, once resistance, now support. The previous daily candle’s upper wick near $190 shows heavy rejection—proof of strong sellers dominating high levels.
If $175 breaks, Solana could slide further. But if bulls defend successfully, a short-term rebound toward $190 resistance may follow. For now, all eyes remain on this decisive zone.