Solana may drop to $ 182

Solana SOL $188.43 Binance-Peg SOL -4.23% Market capitalization $0.21 billion VOL. 24 hours $1.17 billion after rapid growth at the beginning of the week, has entered a phase of cautious trading: the token has pulled back from above $ 200 to around $ 187 and is now balancing near key support levels. The market is in a state of uncertainty, where both a further rebound to the upside and a new wave of sales are possible.

The short-term 9-day EMA remains slightly higher than the 20-day EMA, indicating that the bullish momentum is still intact. At the same time, the difference between the averages is narrowing, indicating that the uptrend is weakening. If the SOL stays above the 20-day EMA, buyers will have a chance to regain control.

The MACD indicator is still in the green zone, but its histogram has almost leveled off, signaling that buyers are losing strength. RSI has left the overbought zone and returned to neutral values. This may give room for a new upward movement if demand recovers, but it also warns of a possible continuation of the correction.

The nearest resistance for SOL is formed in the $ 197−201 zone, where a downward rebound has already taken place. Support is concentrated at $ 182−176, and these levels may be decisive for determining the future direction of the movement.

According to CoinGlass, buyers are actively defending the range below the current price: the bid wall at $ 185 is more than 13,600 coins, and an even larger 29,000-coin defense is located at $ 180. If these boundaries fail, the drop could accelerate by 4%. At the same time, sellers are concentrating around $ 194−195, and overcoming this zone will be the key to returning to $ 200.

The situation on the Solana market is currently balanced: strong defensive positions of buyers are holding back the onslaught of sellers, but the upward momentum is noticeably weakening. In the coming sessions, the decisive question will be whether the bulls will be able to break through the dense walls of orders around $ 194−200 or whether the bears will push the price down to $ 182 and below.