Solana Faces critical Resistance at $180
Solana (SOL) is at a crucial point after hitting the $180 resistance. The price briefly rose above this level but quickly fell back. This suggests a possible move toward the $125 support if $180 isn’t reclaimed.
The recent price action near $180 shows a deviation pattern. The price closed above $180 but couldn’t hold,indicating strong selling pressure.This means bulls are having trouble breaking thru, adn $180 remains a tough barrier.
Key points to watch:
- Resistance Deviation: The price briefly closed above $180 but fell back, showing rejection.
- Support Zone: $125 is a major support level on the daily chart.
- Moving Average: the 200-day moving average is crucial; a break below it could lead to more downside.
If $180 continues to resist and Solana falls below the 200-day moving average, expect a move toward $125. This could be a good entry point for traders looking for a bounce.
Though, if Solana strongly reclaims $180 with high volume, it could signal a return to bullish momentum. Traders should watch volume trends and moving averages for confirmation.
For more insights,check the SOLUSDT (1D) Chart.
