Solana Price Alert: SOL is under heavy selling pressure today, dropping from a recent high of $186.80 to around $174–$175, showing a clear shift from bullish to bearish momentum. In just two hours, whales pulled over 146K SOL in net outflows, while the total net outflow reached 162K SOL, signaling that large holders and institutions are locking in profits. Red candles continue to dominate short-term charts, with sellers maintaining control.
Despite the pullback, there are signs of resilience. Whale accumulation is beginning to reappear, with one address recently buying 71K SOL (worth $12M) and staking it via Kamino. Institutional interest is also rising, with around $137M in ETF inflows since mid-July, while Solana’s Total Value Locked (TVL) has hit a three-year high in SOL terms. Network activity remains strong, with record transaction throughput, although some big players like Galaxy Digital are still unstaking to take profits.
For the short term, $175 remains the key support level to watch. A rebound from this zone could push the price toward $181–$183, and if $178 is broken with volume, the next target could be $189 or even $200. However, if $174 fails to hold, the downside could extend further, increasing bearish momentum.
Trading guidance: Holders should avoid panic selling near support and wait for a potential bounce. Buyers are advised to stay patient until clear reversal signs appear, while active traders should use tight stop-loss orders just below $174 to manage risk. The strong fundamentals and institutional inflows suggest that if sentiment flips, SOL could stage a sharp recovery.