$SOL Solana (SOL) Price Analysis.

The bulls successfully held Solana above the $162 breakout level, but failed to mount a strong recovery.

If it fails to go higher, the bears will push the price below $162. If they succeed in doing so, the SOL/USDT pair could fall to $140 and subsequently to the critical support around $116.

Also, if the price rises from the current level, the SOL/USDT pair can reach $189. Bears will try to stop the support rally at $189, but the level is likely to be crossed. Then the pair can reach the huge barrier of $205.