๐Ÿš€๐Ÿ“Š Is Solana Price Gearing for $400 or Falling Lower?

๐Ÿ“‰ Recent Market Trends
Solana ( $SOL ) has seen a 15% drop after its November high of $263, reflecting the broader market's bearish sentiment. Currently trading around $185, SOL struggles to maintain momentum as Bitcoin (BTC) trades below $95,000.

๐Ÿ›ก๏ธ Key Support and Resistance Levels
SOL hovers near the critical $175-$180 support zone. A breakdown below this level could see the price dip to $170 or lower. However, a bounce from this zone could drive SOL back above $200, with an eye on the previous ATH of $263.

๐Ÿ“ˆ Bullish Breakout Potential
Crypto analyst Captain Faibik highlights a bullish pennant formation on SOL's weekly chart. If buyers step in, SOL could rally towards $400. The MACD indicator on the 4-hour chart shows a green histogram and a bullish crossover, signaling potential upward momentum.

๐Ÿ’ก Whatโ€™s Next for SOL?
The market remains at a crossroads. A successful rebound from current support levels could set the stage for a breakout rally to $400. Conversely, a failure to hold support might deepen the correction.