$SOL remains steady at $193 after correction — Is a new push coming?**
Current price and technical structure
Current price: $193.46
Intraday range: $174.07 – $194.49
After pulling back from the highs of $205, Solana maintains support at $180–$185 and remains within its medium-term bullish channel. The rebound from $180 indicates active buying in the key demand zone.
Key factors
Upexi appointed Arthur Hayes to its advisory committee, driving a 7% rally to $185 in one day.
Profit-taking is observed from significant holders, with a risk of technical breakdown according to a descending triangle detected on 2-day timeframes.
In 24 hours, Solana increases by between 9% and 10%, consolidating its leadership among altcoins.
Technical levels of the day
Key support: $180
Immediate resistance: $195–$196
Critical zone: staying above $190 could trigger an increase towards $205+, while losing $180 would put a drop towards $170–$160 at risk.
Institutional outlook / macro view
The incorporation of Arthur Hayes by Upexi strengthens the institutional narrative. However, the forming technical pattern and signs of profit-taking suggest a consolidation phase before a possible new push.
Are you positioning in the bounce zone or waiting for volume confirmation before entering? Comment your strategy 👇
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