In the short term, SOL's rebound needs to pay attention to the position of $182. Only by stabilizing above this position for 1 hour can the rebound begin. The upper resistance levels to watch are around $185, $190, and $193. If the rebound cannot rise above $182, it indicates a lack of strength in the rebound, and the first support to look at again is the previous low of $177. If this lower support is broken, pay attention to the positions around $173, $170, and $167.
Bitcoin, Ethereum, and other cryptocurrencies have all fallen, with Dogecoin, SOL, XRP, SUI, and others down over 4%, and the overall market sentiment is relatively pessimistic. However, the Solana Policy Research Institute is promoting stock issuance on-chain, and institutions are optimistic about SOL's high growth potential. Kristin Smith, the executive director of the Blockchain Association, expressed strong optimism about Solana's future, which may provide some support for SOL's price.
In summary, if SOL can break through the key resistance level of $182, it may welcome a certain upward trend; if it cannot break through, it may continue to decline and test the lower support levels.