Solana Price Plummets—Is $150 Next?
What's Happening?
Solana is under intense selling pressure. After failing to reclaim the $190-200 area, the price has been falling for several days. It is currently testing weak support near $165. A break of this support would quickly open the way to $150-145.
Possible Next Moves
If $164-165 fails to hold, Solana could fall to $152 and then $145. A brief rally around $160 is possible, but unless Solana reclaims $175, bearish momentum remains.
Short Trade Setup
Entry: $166-$168 (after a minor rebound)
Stop-loss: $172
Target Price 1: $160
Target Price 2: $152
Target Price 3: $145
Solana's trend is weakening. Caution is advised until there is a confirmed market reversal or a surge in buying volume.