Solana (SOL) Technical Outlook – Bears Test Key Support Near $185

Solana (SOL) continues to face downside pressure, currently trading around $186, hovering just above the 0.236 Fibonacci level ($178.88). This zone remains a critical support area, as a decisive break below could trigger a deeper correction toward $155–$160, where the next major support zone lies.

On the upside, SOL faces immediate resistance at $193 (0.382 Fib) and stronger barriers near $204 (0.5 Fib) and $216 (0.618 Fib). A daily close above $200 (50 EMA) would signal renewed bullish strength and potentially set the stage for a move toward $230 (0.786 Fib).

The EMA cluster (20/50/100/200) between $193–$200 is tightly packed, highlighting this as a make-or-break region for trend direction. Meanwhile, RSI at 42.3 shows weak momentum, suggesting bears still have the upper hand, though the market may be nearing oversold conditions.

📊 Summary:

Trend: Bearish, but near potential rebound zone

Support: $185 / $179 / $155

Resistance: $193 / $204 / $216

Outlook: Holding above $178–$185 could lead to a recovery, while failure to defend this zone risks a drop toward the $155–$160 demand region.

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SOL2.25%

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