Solana (SOL) is under short-term selling pressure as broader market dynamics weigh on prices. Bitcoin’s pullback after a massive surge has rippled through crypto markets, dragging down altcoins including SOL. At the time of writing, SOL is trading at $174.59, with 24-hour trading volume remaining elevated as traders reassess positions.
Despite near-term weakness, some analysts and traders speculate a bullish reversal could push SOL toward a $189 breakout and potentially test — or surpass — its prior all-time highs. Key indicators to watch are:
- Volume confirmation
- Support around current levels
- How Bitcoin and Ethereum behave in the coming sessions
For DeFi and blockchain investors, SOL’s path will likely hinge on market-wide sentiment and on-chain activity in the weeks ahead.
