🔥 $SOL remains above $186 after the rally of the month – Is a new impulse on the way?
📊 Current price and clear technical structure
Current price: $186.41
Intraday range: $184.43 – $189.57
Despite the pullback from the $203 seen yesterday, SOL remains stable above the critical support at $184–$186, within a sideways channel with possible compression formation before a breakout.
⚙️ Key factors
SOL has increased +5% in the last 24 hours and +29.9% in the month of July as part of the broader altcoin rally.
Elon Musk indirectly commented on DeFi in Solana, reigniting interest among retail investors.
The trading volume on centralized exchanges exceeds $3.8B, reflecting high liquidity and institutional participation.
🔧 Technical level of the day
📌 Key support: $184–$186
📌 Immediate resistance: $189–$190
🎯 Critical zone: closing and maintaining above $186 could pave the way to $195–$200, especially if the momentum seen yesterday resumes.
🌐 Institutional outlook / macro view
With its market capitalization at ~$100B and a growing developer community, SOL is consolidating as one of the leading altcoins. The recent formation of technical patterns and capital rotation towards compatible DeFi ecosystems positions it as an attractive option for strategic flows.
Do you think SOL will break above $190 tonight or will it form compression to bounce tomorrow? Share your view!
🔔 Follow our channels for in-depth analysis and real-time alerts:
