Overview
- SOL trades near $181, down more than 6% on the day and over 17% for the week after failing to reclaim $210.
- Technical gauges warn of further downside, with the RSI around 39 and the 20- and 100-day averages tightening as price sits just above the 200-day.
- Key levels in focus include $195, the $192–$188 band and $180, with downside projections to about $168 or even $159 if supports break.
- Analysts say a sustained move back above $210 could revive targets around $204–$223 initially and potentially $225–$230.
- Views diverge between consolidation and deeper correction, while renewed institutional buying and progress toward Solana-focused ETFs are flagged as possible catalysts for a rebound.