Solana is trading around $184.57, as the broader crypto market sees a notable pullback and elevated volatility. The drop reflects increased risk aversion and a correction after recent highs.
Despite the current weakness, Solana’s network fundamentals remain robust and it continues to present a potential buying opportunity for those comfortable with increased risk.
Solana Next Target
- Price: $184.57
- Market Cap: $100bn
- 24-Hour Trading Volume: $80bn
- Circulating Supply: 546mn
- Total/Max Supply: Unlimited
Facing Resistance after a sharp fall. If breakout sustains, the price could break $200 barrier and then scale $220.
Key Indicators & Market Signals
- Solana experienced a steep decline of approximately 14% earlier in the week, highlighting the risks associated with leveraged positions and broad market pressure.
- Resistance now lies in the $200–$210 zone, which must be cleared to regain bullish momentum.
- Support is emerging around the $170–$180 range; a break below could open the door to deeper downside.
- On-chain activity shows signs of strength despite the price drop—Solana handled stress tests well, which may bolster longer-term confidence.
Latest News Highlights
- Solana’s network endured a significant price correction but performed well under stress, as transactions and throughput remained stable during high demand events.
- Analysts view the price move as a potential value-entry zone, given the underlying strength of the protocol and its role in DeFi and NFTs.
Summary
Solana is trading around $184.57, amid a market-wide correction and elevated volatility. Key resistance sits at $200–$210, and support lies near $170–$180.
If SOL holds above support and begins to reclaim resistance, it could target $220+ in the medium term.
However, a break below support may lead to retesting lower levels near $150–$160. Investors should keep a close eye on on-chain metrics, network usage, and broader market sentiment to gauge Solana’s next move.
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