Key Support Levels in Danger as Analysts Warn of Deep Correction

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Solana Price Analysis: Analysts Warn of Severe Correction, Key Support Levels at Risk

Solana (SOL) is once again testing investor confidence, hovering around the $188 level after several failed attempts to build upward momentum.

Analysts are now warning that a fall below $180 could trigger an even sharper correction, with a lower support zone forming well below current levels.

Cryptocurrency analysis firm MakroVision has released a detailed technical report outlining the details. Ms. Solana Current price trends. The asset continues to show resilience through a “low-high” pattern, the firm said, suggesting buyers are still looking to protect key levels despite weakening momentum. However, short-term rallies lack conviction and often stall before establishing meaningful follow-through.

$180 marks the dividing line between recovery and collapse.

Macrovision’s report highlights the $173-$180 range as a key short-term support area. This zone coincides with the 0.5 Fibonacci retracement, and this level often acts as a pivot point between continuation and correction phases.

If Solana is unable to maintain this range, analysts believe the next potential landing area could be the “golden pocket” region located between $155 and $148. Historically, this zone has served as a point of renewed buying interest, but a retest could also signal weakening momentum across the market.

“Solana is showing strength by forming higher lows, but bullish momentum remains limited,” the report notes. “Without a definitive close above resistance, assets may continue to fluctuate within a tightening range.”

Wider technical context: Resistance levels affected

Beyond support, Solana faces a thick wall of resistance. Macrovision highlighted the red trend line on the chart as a key pressure zone and said that “it remains difficult to generate sustainable bullish energy without breaking out of this structure.”

A successful close of the day above $204 could create new momentum and push the price towards $223-$246. Above that, $260 could come into play again if the rally continues. This resistance level has repeatedly capped the rally since early 2024.

Ali Charts: Warning about deeper support levels

Market analyst Ali, who shared a technical breakdown on X (formerly Twitter), echoed similar warnings. He noted that if Solana breaks below $180, the next meaningful support could be even lower, potentially closer to $115 or $50.

Ali’s chart highlights three key levels: resistance at $260, intermediate support near $115, and a long-term floor at $50. The large gap between these levels reflects the increased uncertainty surrounding Solana’s medium-term trajectory.

Market sentiment and next steps

While the Solana ecosystem continues to see strong developer activity and increased DeFi participation, market sentiment has become increasingly cautious. The token’s failure to recover $200 weakened short-term confidence among traders, even though long-term holders remain optimistic about Solana’s fundamentals.

A decisive move above $204 would likely change the narrative, restore bullish momentum, and open the door for a return to the higher range. Conversely, losing the $180 support could expose the asset to a deeper retracement, potentially validating the lower zones identified by both MakroVision and Ali.

Outlook: Important stages begin next

While Solana’s pricing structure technically remains intact, momentum has clearly diminished. The coming days may decide whether the consolidation of assets near $180 signals the beginning of a broader recovery or the beginning of a deeper correction.

MakroVision summarizes in its report:

“Solana is at a crossroads. A break above $204 could spark a meaningful recovery, but a drop below $180 risks revisiting the golden pocket around $150. Worse, deeper support near $115 or $50 is needed.”


The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any particular investment strategy or cryptocurrency. Always do your own research and consult a licensed financial advisor before making any investment decisions.

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Key Support Levels in Danger as Analysts Warn of Deep Correction

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over eight years of experience covering the crypto, blockchain and fintech industries, he is well-versed in the complex and evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and detailed content. Follow his publications to stay up to date on the most important trends and topics.

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