On the technical front, Solana’s pivot point holds at $178.63 marks a decisive threshold, above which bullish momentum could be revitalized, targeting resistances at $196.10, $209.01, and $221.37.

Conversely, SOL finds immediate support at $165.46, with further cushions at $154.44 and $138.04, safeguarding against deeper corrections.

Technical indicators reveal underlying pressures, with the Relative Strength Index (RSI) at 42 hinting at potential undervaluation, while the 50-Day Exponential Moving Average (EMA) at $177.54 aligns closely with pivotal resistance, suggesting an ongoing bearish sentiment.

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