Solana (CRYPTO: SOL) price today is hovering near $178, marking a 3% decline as the market struggles to absorb continued outflows and weakening momentum. The token is now testing a major ascending trendline near $186, a zone that coincides with the 200-day EMA and the lower boundary of its long-term symmetrical structure.
Solana Price Tests Long-Term Trendline Support
The daily chart shows Solana breaking below the $186.7 support line after a steady selloff from the $230 resistance earlier this week. The price structure forms a tightening symmetrical triangle, with the lower boundary now aligning with the 0.382 Fibonacci level at $172.
The 20-day EMA sits near $205, while the 50-day and 100-day EMAs at $208 and $199 act as overhead resistance layers. The 200-day EMA near $186 remains the last line of defense before the next major retracement zone opens toward $172 and $142.
The Supertrend indicator has flipped bearish since October 12, keeping sellers in control. Unless Solana reclaims $199, short-term momentum will likely stay negative.
Uniswap’s Solana Expansion Boosts Long-Term Appeal
In a move that underscores Solana’s growing DeFi presence, Uniswap has integrated the network into its core web application. The addition enables users to access Solana, Ethereum, and 13 other blockchains within a single interface. Developers described this as the first phase of deeper integration, which will eventually include cross-chain swaps and full Uniswap Wallet support.
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This development strengthens Solana’s position as the second-largest ecosystem in decentralized finance, with $11 billion in total value locked, compared to Ethereum’s $84.8 billion. However, the immediate market reaction has been muted as investors weigh short-term liquidity pressures against long-term adoption potential.
Uniswap continues to dominate the DEX landscape, generating $213 million in monthly fees, far ahead of PancakeSwap’s $63 million. Solana’s addition may expand Uniswap’s user base further and reinforce confidence in Solana’s DeFi ecosystem over time.
On-Chain Data Shows Persistent Outflows
Exchange data from Coinglass indicates sustained capital outflows from Solana over the past week. On October 17, the network recorded a $36.1 million net outflow, extending a three-day cumulative withdrawal above $400 million.
The persistent red bars in the netflow chart highlight continuous selling pressure since early October. Despite intermittent inflows during market upticks, the lack of consistent accumulation underscores waning investor conviction.
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Historically, Solana has tended to rebound when daily outflows drop below $50 million, but that threshold has not yet been met this week. Analysts suggest that unless inflows stabilize above $20 million, Solana may continue drifting toward the $172 Fibonacci support level.
Technical Outlook For Solana Price
From a technical perspective, Solana’s trend remains in consolidation but risks slipping into a deeper correction if $186 fails to hold. The next major support zone lies at $172, aligned with the 38.2% Fibonacci retracement and a historical demand block from May. Below that, $142 represents the 23.6% retracement and a strong psychological floor.
On the upside, immediate resistance stands at $199, followed by the EMA cluster near $205–$208. A sustained close above $214 could flip market structure bullish again, potentially targeting $230 and $253, which correspond to the 61.8% and 78.6% Fibonacci levels.
Outlook. Will Solana Go Up?
The near-term path for Solana depends on whether bulls can defend the $186–$172 support band. While Uniswap’s expansion adds long-term credibility to Solana’s ecosystem, the persistent $36 million daily outflows highlight caution among traders.
If inflows begin to stabilize and the token reclaims the $199–$205 range, a rebound toward $230 could unfold in the coming sessions. However, a clean breakdown below $172 would shift focus to $142, delaying any bullish continuation until stronger demand returns.
For now, Solana remains in a fragile consolidation phase, balancing structural support against weak capital flows.
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