🔥 $SOL retreats to $194 after a 25% rally in the week — bounce from key support?
📊 Current price and clear technical structure
Current price: $194.16 per SOL
Intraday variation: -2.6% approximately, after reaching a high close to $200
Consolidating above technical support at $190–$195, within the bullish channel initiated at $160
Volume remains active, with trading capital exceeding $4.3B in the last 24 hours
⚙️ Key factors
The Solana staking ETF (SSK) has already surpassed $100M in assets under management since its debut, providing institutional backing
Upexi accumulated $330M in its treasury after a $200M round, adding structural buying pressure
The July rally adds +30% to the price, strengthening the narrative of altcoin season
🔧 Technical level of the day
📌 Key support: $190–$195
📌 Immediate resistance: $200–$202
🎯 Critical zone: staying above $195 maintains the possibility of a bounce towards $205–$210, even $225 if momentum continues
🌐 Institutional outlook / macro view
With an operational staking ETF and large on-chain accumulations, Solana is positioned as an altcoin of institutional interest. The regulatory framework (SEC) and tokenization launches are also favoring its positioning as a strategic asset, especially in real asset tokenization environments
Would you buy SOL near $190 or wait for a confirmation of a bounce above $200? Share your view 👇
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