Solana Fails to Reclaim $180 Resistance Amid Market Correction

Solana (SOL) faces downward pressure after failing to reclaim the $180 resistance level. Key points include:

Current trading price is around $153.49, with a recent decline below the 34-day EMA at $163.20.
The $150–$156 support range, where the 50-day and 100-day SMAs converge, is critical for maintaining bullish momentum.
Increased volatility in global markets due to geopolitical tensions affects risk assets, including cryptocurrencies.
Analyst Ali Martinez suggests SOL maintains a bullish outlook as long as it holds above the $159 support level.
Trading volume has increased during the recent drop, indicating stronger selling pressure.
If Solana can stabilize above $150, it may pave the way for a recovery; however, weakness below this level could lead to further declines toward $144 and $135.
RSI levels indicate Solana is nearing oversold conditions, which may attract buyers soon.

For a bullish reversal, SOL must reclaim the $163 level and push above $180. Traders should monitor the $150–$159 zone closely as it will determine the next market direction.