SOL price is trading near $193 with short-term bearish momentum; a daily close below $190 would likely open downside to $160–$170 this week. Market data from CoinMarketCap and charting via TradingView show declining support and increased selling pressure.
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SOL price near-term risk:
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Daily close below $190 could trigger a move toward $160–$170.
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Solana trades at $193.43; CoinMarketCap and TradingView data show worsening hourly momentum and weaker weekly structure.
SOL price drops toward $190; Solana trading at $193.43 — read COINOTAG’s technical outlook and next support levels to prepare your strategy.
What is SOL price doing now?
SOL price is displaying short-term bearish momentum around $193, with technical indicators signaling increased downside risk if the daily candle closes below $190. Traders monitoring CoinMarketCap and TradingView data should watch the $160–$170 and $157 support zones for potential tests.
SOL/USD technical outlook
The market’s rise has not lasted long, and most of the coins are again in the red zone, according to CoinMarketCap.
Top coins by CoinMarketCap
Solana (SOL) is the exception among majors, showing a modest intraday gain of 0.74%. That single-session strength, however, sits against a broader backdrop of weakening structure across hourly and daily timeframes (source data: TradingView chart snapshots and CoinMarketCap market caps).
Image by TradingView
On the hourly chart, SOL is trading near a local support band around $192. Momentum indicators on intraday frames have turned negative, and a decisive breakdown below the local support would likely extend losses toward the $185 area in the near term.
Image by TradingView
On the daily and weekly timeframes, bulls failed to build on yesterday’s bullish close. If the daily bar closes below $190, technical probability favors a revisit of the $160–$170 range by the end of the week. From a midterm perspective, a weekly close beneath the interim $200 threshold would increase the likelihood of a test of the $157 support level.
Image by TradingView
SOL is trading at $193.43 at press time, reflecting the intra-session pressure. Market-cap and volume context from CoinMarketCap show compressed volumes during the recent rally, a classic sign that moves lacked broad participation.
COINOTAG market analyst: “Volume trends and hour-to-hour momentum suggest that the recent upside was corrective rather than trend-confirming. A clear daily close above $200 would be required to shift the bias back to bullish,” said a COINOTAG market analyst.
Frequently Asked Questions
What happens to SOL if it closes below $190 today?
If SOL closes below $190 on the daily chart, downside momentum typically accelerates; market structure and previous support suggest a potential target range of $160–$170 within days, with a further weekly test possible near $157. This assessment is based on TradingView technical patterns and CoinMarketCap price data.
How should traders manage risk around SOL price levels?
Use defined stop-loss levels and position sizing consistent with your risk tolerance. Many traders place stops just below $190 for short-term exposure and consider reducing position size ahead of a daily close that breaks key support. This guidance aligns with standard risk-management practices.
Key Takeaways
- Immediate risk: SOL near $193 faces short-term downside if the daily candle closes below $190.
- Support levels: $160–$170 is the near target range; $157 is the next important weekly support.
- Actionable insight: Watch volume and daily closes—only a sustained close above $200 would materially reduce downside probability.
Conclusion
The Solana market exhibits short-term bearish indicators while trading around $193.43, with clear levels to monitor: $190 as a near-term pivot and $160–$170 as the next meaningful support band. COINOTAG will continue to track CoinMarketCap and TradingView data and provide updates; traders should manage position size and watch daily closes for confirmation.
Published: 2025-10-14 | Updated: 2025-10-14
Author: COINOTAG
