Solana Price Approaches $182 Support, Potential Test of $180 Amid Bearish Momentum

• SOL approaches $181.92 support on hourly charts, risking a test of $180 soon.

• Bearish pressure dominates as bulls weaken, per CoinStats indicators.

• Longer-term outlook suggests a possible decline to $150 if $173.43 support breaks, with current price at $182.24.

Discover the latest Solana (SOL) price analysis: Bearish trends signal potential drops to $170-$175. Stay informed on crypto market shifts and trading strategies for 2025.

What is the Current Solana (SOL) Price Trend?

Solana (SOL) price is experiencing a bearish trend, having dropped almost 3% since yesterday and now trading at $182.24. This decline reflects stronger bearish forces over bullish ones, as indicated by CoinStats market data. On shorter time frames, the cryptocurrency is testing critical support levels that could lead to further downside if not held.

Bears are again more powerful than bulls, according to CoinStats.

SOL chart by CoinStats

How Might Solana Price React to Key Support Breaks?

The price of Solana (SOL) has dropped by almost 3% since yesterday.

Image by TradingView

On the hourly chart, the rate of SOL is approaching the local support of $181.92. If its breakout happens, there is a high chance of seeing a test of the $180 area by tomorrow. This level has historically acted as a psychological barrier, where increased selling pressure could accelerate the decline, based on patterns observed in TradingView charts. Market analysts from CoinStats emphasize that sustained volume below this support would confirm bearish continuation.

Image by TradingView

On the longer time frame, the price of SOL is breaking the $183.19 level.

If the daily bar closes below it and without a long wick, the accumulated energy might be enough for a more profound decline to the $170-$175 zone. Data from TradingView shows that previous breaches of similar ascending trends have led to 10-15% corrections in Solana’s price over the past year. Experts at financial platforms like CoinStats note that broader market sentiment, influenced by macroeconomic factors, is contributing to this bearish setup without signs of immediate reversal.

Image by TradingView

From the midterm point of view, the situation is also bearish. If the weekly candle breaks the support of $173.43, traders may witness an ongoing drop to the $150 area. This projection aligns with technical indicators such as moving averages and RSI, which currently signal oversold conditions but with no bullish divergence yet. According to reports from CoinStats, Solana’s network activity remains robust, yet price action is decoupled due to external selling pressures in the crypto sector.

SOL is trading at $182.24 at press time. In the context of the overall cryptocurrency market, Solana’s performance mirrors a cautious environment where investors are monitoring regulatory developments and institutional inflows. Historical data from platforms like TradingView indicates that such support tests often precede volatility spikes, potentially offering entry points for long-term holders if the ecosystem’s fundamentals—such as high transaction speeds and low fees—continue to attract developers.

To provide deeper insight, consider Solana’s role in decentralized finance (DeFi) and non-fungible tokens (NFTs). Despite the current price dip, on-chain metrics show steady growth in total value locked (TVL), surpassing $5 billion as per recent DeFiLlama aggregates mentioned in CoinStats analyses. This discrepancy between price and utility underscores the asset’s resilience, though short-term traders should prioritize risk management amid the bearish tilt.

Expert commentary from blockchain analysts, as referenced in CoinStats updates, highlights that Solana’s scalability advantages position it well for future adoption, but immediate price recovery hinges on Bitcoin’s stability and broader altcoin sentiment. Trading volumes have increased by 20% over the last 24 hours, per TradingView data, indicating heightened interest that could either fuel a rebound or deepen the correction depending on key level outcomes.

Frequently Asked Questions

What Factors Are Driving the Recent Solana Price Decline?

The recent Solana (SOL) price decline of nearly 3% stems from bearish market sentiment where bears overpower bulls, as per CoinStats indicators. Key technical breaks below $183.19 on daily charts and approaching $181.92 support amplify selling pressure. Macro factors like reduced altcoin inflows contribute, with no immediate bullish catalysts evident in current data.

Will Solana Price Drop Below $180 in the Near Term?

Yes, Solana price could test below $180 if the hourly support at $181.92 breaks, based on TradingView chart patterns. This scenario might unfold by tomorrow, leading to further downside toward $170-$175 on daily closes without reversal wicks. Voice search users should note that monitoring real-time volumes is essential for accurate predictions.

Key Takeaways

• Bearish Dominance: Bears lead over bulls in Solana’s market, per CoinStats, driving a 3% price drop to $182.24.
• Critical Supports: Hourly charts show SOL nearing $181.92, with risks to $180 and longer-term $173.43 levels potentially signaling deeper corrections to $150-$175.
• Trading Strategy Insight: Investors should watch for weekly candle closes below key supports; consider stop-losses and await bullish divergence for entry points in this volatile environment.

Conclusion

In summary, the Solana (SOL) price analysis reveals a bearish trend with immediate risks to supports at $181.92 and $180, potentially extending to $170-$175 amid stronger bear forces as noted by CoinStats. Midterm outlooks point to $150 if $173.43 fails, though underlying network strengths offer long-term optimism. Traders are advised to stay vigilant with technical levels, and for the latest updates, explore more on en.coinotag.com to navigate 2025’s crypto landscape effectively.