Solana Holds at $180 – What’s Next?

Solana is hovering at $183, down 15% for the week and nearly 30% this month. Now the sixth-largest crypto by market cap, $SOL trails behind $XRP and $BNB at $87B.

Whale activity remains strong despite the dip, with $1.7M in inflows reflecting confidence from major investors. This accumulation hints at potential stabilization, even as overall market volume declines.

Technically, Solana’s RSI has dropped to 32, suggesting oversold conditions but staying under 50 signals continued bearish sentiment. The MACD remains negative, while moving averages show slight declines, aligning with broader caution.

While Solana faces headwinds, rising whale confidence and market catalysts like ETFs could spark a rebound. Until then, volatility and bearish trends keep Solana’s outlook mixed.