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Solana 
$162 (SOL) price struggles near the resistance level of approximately $205 after gaining upward momentum at the beginning of the year. Having failed to surpass this level for the past few weeks, SOL might face short-term selling pressure. However, it still maintains strong support levels in the long run, keeping the potential for a recovery alive.
Solana Price Analysis: $205 Resistance Not Broken
Solana’s price has been fluctuating between $180 and $260 over the past few months, but there has been no clear direction since November. The strong support level at $180 currently serves as an important defense point for bulls.
Technical indicators suggest that selling pressure is persisting in the short term. The Chaikin Money Flow (CMF) indicator remains below -0.05, indicating significant capital outflow from the market. The Accumulation/Distribution (A/D) indicator also does not show a clear trend. The MACD indicator is below the zero line, confirming that downward momentum is dominant on the daily chart.
Nonetheless, Solana’s price remains above the Fibonacci retracement levels of $175 and $150. As long as these levels hold, the likelihood of a continued long-term bullish market increases. However, the high liquidity level around $150-$160 may pull the price back to this range.
SOL Coin Price Commentary: Falling Below $190 Could Be Risky
A drop below $190 for SOL coin could increase selling pressure. A potential decline in Bitcoin 
$0.000036’s price could also negatively affect this altcoin. In such a scenario, the price might retreat towards the $160 level, which could present a good buying opportunity for long-term investors.
According to the three-month liquidation map, the $160-$165 range contains high liquidity, making this an important indicator for potential price pullbacks. However, if the bulls regain control, the $220 level could be tested as a critical resistance, with the price moving towards the $260 target.
Medium and long-term investors should monitor these price fluctuations closely. The potential for SOL’s recovery remains as long as the $150 level does not break.
