🔥 $SOL drops to $182 after correction from $205: technical bounce or challenge to support?
📊 Current price and clear technical structure
Solana is trading near $182, after a -3.44% retracement from a peak of $189–$190 during the day. The price action reveals a consolidation in the $180–$195 range while maintaining the bullish channel initiated after breaking the previous resistance around $180–$182.
⚙️ Key factors
The SSK staking ETF has recorded net flows of $0M daily, prompting investors to take positions while awaiting clear institutional signals.
Weekly inflows have increased, rising from $39M to $311.5M in a week, reactivating interest in SOL despite the recent correction.
Upexi platform acquired 1.8M SOL (~$330M), anticipating a rally if the bullish technical structure is maintained.
🔧 Technical level of the day
📌 Key support: $180–$182 (daily EMA20 + base of the channel)
📌 Immediate resistance: $189–$190 (recent key)
🎯 Critical zone: staying above $182 would confirm a bounce towards $195–$200; if it loses $180, it could seek a reload area at $175–$170.
🌐 Institutional outlook / macro view
Solana remains a preferred altcoin for institutions thanks to its staking ETF and liquidity backing. The current structure suggests that the correction is technical, not trend-related, preparing for a possible bounce if support is defended. The potential remains on track towards $200–$225 if recovery is confirmed.
Would you buy $SOL at $180 as a bounce zone or wait for it to return to $175 before entering?👇
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