Overview
- Solana trades near $186 after slipping below $200, consolidating around the $180–$190 area that aligns with its 200‑day moving average.
- A daily close above roughly $200–$204 is flagged as the catalyst to restore momentum toward $214–$246, while a drop below ~$180 could open a path to $170 and the $155–$148 ‘golden pocket.’
- Liquidation heatmaps show most leveraged longs were cleared, concentrating liquidity between about $195 and $205 and raising the chance of a short squeeze back toward $200.
- Some analysts warn that failure of key support could expose lower ranges, with longer‑term levels cited near $115 and $50.
- Fundamentals remain constructive as Solana’s perpetual DEX volume jumped 93% quarter over quarter to $1.6 billion, even as treasury inflows trail Ethereum peers and keep sentiment cautious.