Overview
- Solana traded in the mid‑$190s after failing to hold $200, pulling back from an intraday push toward roughly $205.
- Hourly indicators weakened, with MACD in the bearish zone, RSI below 50, and price under the 100‑hour moving average after a break of a bullish trend line near $198.
- Key levels in focus include support at $192 and $188 and resistance at $200 and $205, with a downside break seen opening a test of $180.
- Analysts describe an immediate price range near $180–$210 that could set the next directional move once broken.
- Commentary highlights potential demand from spot Solana ETFs, reported strong early U.S. trading volumes, expectations for Fed rate cuts, and ecosystem signals such as reports of Western Union building on Solana.