Solana ($SOL ) is trading at approximately $185.69, reflecting a 2.51% decrease from the previous close.

Support and Resistance Levels:

Support: $SOL has a key support level at $183, which has been tested recently.

Resistance: The immediate resistance is around $194.99. A break above this could signal a bullish trend.

Trend Analysis:

Short-Term Trend: $SOL has experienced a 17% decline recently but is showing signs of potential recovery as momentum indicators suggest a weakening downtrend.

Long-Term Outlook: Analysts project that Solana could reach prices between $380 and $450 in early 2025, with potential corrections before targeting the significant $500 mark.