Solana (SOL) Technical Breakdown: Critical $175 Support Test Looms as Bearish Pattern Emerges
Solana's bullish momentum faces its sternest test yet as technical indicators flash warning signs across the board.
The $175 level has transformed from reliable support into a potential breaking point—a breach here could trigger cascading liquidations and send SOL tumbling toward lower support zones.
Market Structure Shift
Recent price action reveals a classic distribution pattern forming, with each rally attempt meeting increasingly aggressive selling pressure. The higher timeframe charts show weakening momentum despite superficial strength on lower timeframes.
Liquidity Hunt Underway
Market makers appear to be hunting for stop losses below the critical $175 threshold, a move that would clear the path for either a swift recovery or sustained decline depending on which side accumulates positions more aggressively.
Volume divergence tells the real story—declining buy volume on upswings suggests institutional players are quietly reducing exposure while retail traders chase diminishing returns. Another reminder that in crypto, the smart money usually exits before the headlines hit.
Solana Price Dips Again
Solana price extended gains above $200 and $202, like Bitcoin and Ethereum. SOL even surpassed $210 before the bears appeared. A high was formed near $208 and the price dropped.
There was a MOVE below $200 and $182. A low was formed at $174, and the price recently attempted a minor recovery wave. It climbed above the 50% Fib retracement level of the downward move from the $208 swing high to the $174 low.
However, the bears remained active below $195. They protected the 61.8% Fib retracement level of the downward move from the $208 swing high to the $174 low. SOL is again moving below $190. Besides, there was a break below a key rising channel with support at $188 on the hourly chart of the SOL/USD pair.
Solana is now trading below $188 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance NEAR the $188 level. The next major resistance is near the $195 level.
The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $208. Any more gains might send the price toward the $215 level.
Downside Continuation In SOL?
If SOL fails to rise above the $195 resistance, it could continue to move down. Initial support on the downside is near the $182 zone. The first major support is near the $175 level.
A break below the $175 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.
Major Support Levels – $182 and $175.
Major Resistance Levels – $195 and $200.
