After a powerful surge and breakout, Solana $SOL has hit a critical resistance area between $185 and $220. We've seen significant selling pressure here, leading to a sharp rejection that suggests short-term bullish momentum is taking a breather.
Current Market Dynamics
* Supply Zone Rejection: The strong pullback from the $185-$220 zone indicates major profit-taking or large sell orders are active.
* Immediate Support: Keep a close eye on $153. A sustained move below this level could trigger a faster decline.
* Potential Deeper Pullback: If $153 doesn't hold, the next significant demand zone to watch is $135-$128.
Bullish Reversal Conditions
* For bulls to regain control, $SOL needs to reclaim $185 and successfully turn it into support. This would open the door for another push towards $200 and beyond.
* A daily close above $185 with strong volume would be a clear bullish signal.
In a Nutshell
* Rejected at $185–$220.
* Key support at $153.
* Break below $153 could mean a deeper drop.
* Reclaiming $185 is crucial for bullish continuation.
We're now in a "wait-and-see" phase. Monitor how $SOL reacts around the $153 support and the $185 resistance levels to gauge its next move.
