Solana price faces mounting pressure after dropping below $180, with participants closely watching the $175 support zone to gauge its next decisive move.
Solana price recent slide below $180 has participants on edge, as selling pressure intensifies and momentum weakens across the board. Once one of crypto’s strongest performers, SOL now faces a make-or-break test.
Solana Price Drops Below $180 as Selling Pressure Builds
Solana price has slipped under the $180 mark, showing renewed weakness after failing to hold above the short-term support at $185. Price action has been forming lower highs since $205, which now stands as a strong resistance zone. Momentum looks soft as the candles continue to print in red.
Solana price recent slip below $180 highlights growing market pressure as sellers tighten control over short-term momentum. Source: Coin Bureau via X
This drop signals caution as sellers are starting to dominate intraday moves. If Solana can’t reclaim $182 to $185, the next downside zone sits near $172 to $175.
Exchange Flows Add to Market Uncertainty
Large transfers from Wintermute to exchanges have raised some eyebrows across the market. The wallet sent millions worth of BTC, ETH, and SOL, similar to a move seen before a prior sell-off. From a technical side, Solana has immediate resistance near $185 and support forming around $175.
Large exchange inflows from Wintermute have sparked caution among traders. Source: Merlijn The Trader via X
If selling continues and the $175 zone breaks, the next strong demand area appears closer to $165 to $168. However, holding this range could still allow for a rebound attempt towards $188 to $190. The key short-term test is whether buyers can absorb incoming supply and steady the chart.
Solana Price Prediction: Support at $175 Becomes Make-or-Break
Solana price is testing a critical horizontal support near $175, which lines up with the last major demand zone seen in early September. ChiefraT’s chart highlights that losing this level could open a deeper correction of around 20–25%, with the next major support area sitting near $150 to $155.
Solana’s $175 support level has become the key battleground, with bulls aiming to defend it and prevent a deeper 20–25% correction. Source: ChiefraT via X
On the upside, the first SOL recovery step would be reclaiming $185, followed by a push towards $198 to $200. For now, the trend remains under pressure, but as long as price holds this $175 area, there’s still room for a short-term bounce.
Long-Term Demand Still Favors Bulls
Despite the short-term drop, the latest post from Capital Markets shows that long-term fundamentals remain constructive. Bitwise’s Solana Staking ETP (BSOL) in Germany has now surpassed $100 million in assets, showing continued institutional interest in Solana-based investment products. This signals that demand from regulated investors is still expanding even as price moves lower.
Institutional accumulation through products like Bitwise’s BSOL underscores lasting confidence in Solana’s long-term potential. Source: Capital Markets via X
Such steady accumulation points to confidence in Solana’s broader ecosystem. While short-term volatility might continue, the presence of structured investment demand creates a stronger base for long-term growth once market sentiment stabilizes.
Solana Price Still Has a Chance for Recovery
Man of Bitcoin shows Solana price trying to build a 1–2 setup on lower timeframes. The $170 to $172 region is key support; staying above it keeps the bullish recovery scenario valid. If this level holds, the next resistance targets are near $190, $205, and later $214, where the prior swing highs align with Fibonacci extensions.
Solana price is attempting to build a short-term 1–2 structure, keeping hopes alive for a rebound if the $170 base continues to hold. Source: Man of Bitcoin via X
If Solana price slips under $170, it could extend the correction towards $160, but momentum remains open for a rebound as long as the $170 base stays firm. The structure suggests bulls still have a chance to fight back if they can reclaim short-term levels in the coming sessions.
Final Thoughts: Make-or-Break Moment for Solana
Solana price is entering a critical phase as the price hovers around its last major demand zone. Holding $175 may decide whether bulls regain control or bears deepen the slide. If the range holds, a rebound towards $190 and eventually $200 remains in play.
Market participants should watch for volume spikes and liquidity clusters around the $170s. A clean defense here for SOL could set the stage for renewed upside momentum, while a breakdown might confirm the start of a deeper correction phase.