$SOL $BNB $BTC #GMTBurnVote #BitwiseBitcoinETF #CryptoRegulation2025 #BTCXmasOrDip? #BinanceLaunchpoolBIO Solana (SOL) has recently experienced a decline, falling below the $190 mark.

This movement is part of a broader consolidation phase, with SOL trading within a range of approximately $170 to $210.

Technical indicators present mixed signals:

100-Day Simple Moving Average (SMA): SOL is trading below this average, suggesting potential for further downside.

Relative Strength Index (RSI): After dipping to 41%, the RSI is gradually rising, indicating a possible shift toward bullish momentum.

Analysts note that the $194 resistance level is pivotal. A breakout above this could signal a new rally, while failure to surpass it may lead to continued sideways movement or a decline toward the $164 support level.

In summary, Solana's price is currently consolidating. Traders should monitor key resistance and support levels, along with technical indicators, to anticipate potential price movements.