Solana ($SOL) Price Update – Bearish Pressure Intensifies

1. Price Movement

Solana (SOL) recently touched a high of $186.80 before pulling back to around $178. The decline was marked by steady red candles across the 15-minute, 1-hour, and 4-hour charts, signaling short-term selling pressure.

Currently, the price is hovering near the 24-hour low of $177.83, indicating that sellers remain firmly in control.

2. Money Flow

Recent whale activity shows significant selling:

Net outflow of 146K SOL in the past 2 hours — a strong bearish signal from large holders.

Total net outflow in 2 hours: 162K SOL, meaning selling is clearly outweighing buying.

Over the last 24 hours, large inflows have been negative, suggesting institutions and big traders are locking in profits rather than accumulating.

3. Technical Indicators

RSI (15m & 1h): Currently oversold or close to oversold levels (below 30), hinting at the possibility of a short-term bounce.

MACD: Bearish crossover in place and still trending downward across multiple timeframes.

Moving Averages: Price remains below short-term MA(5) and MA(10), keeping the short-term trend firmly bearish.

4. Outlook

Short-Term: Price could extend losses toward the $176–$175 zone before any meaningful bounce.

If Holding: Avoid panic selling near the bottom. Consider waiting for a rebound toward $181–$183 for a partial exit if reducing risk.

If Buying: Wait for potential support around $175 and look for reversal confirmation before entering.$SOL