SOL rebounds near $185 amid improving crypto sentiment and technical support confirmation
Solana (SOL) climbed nearly 4% in the past 24 hours, regaining momentum after briefly testing a critical support area around $180–$185. The rebound came as broader crypto markets showed signs of recovery, supported by renewed optimism in risk assets following better-than-expected economic data from Asia.
At the time of writing, SOL/USD trades near $193, extending its recovery from the week’s low and signaling renewed buyer confidence. According to the daily chart, Solana found firm support in the $180 region, a level that previously acted as a demand zone in June and September. The asset’s ability to hold above this area has encouraged traders to re-enter long positions.
“The bounce from the $180 support zone highlights strong accumulation,” said a market strategist at BitXJournal. “If Solana sustains momentum above the $200 resistance, it could open the door toward $220 and $240 in the coming sessions.”
From a technical standpoint, Solana’s structure shows the asset has broken out of a descending wedge pattern, often considered a bullish continuation signal. Volume data also supports the move, with trading activity rising during the rebound phase — a sign of strengthening conviction among market participants.
Underneath the surface, the $180–$170 zone remains a critical defense area. A decisive drop below this level could invalidate the bullish setup, exposing the token to potential declines toward $150. However, as long as buyers defend current support, the risk-reward outlook favors the upside.
With Solana maintaining its place among the top-performing altcoins of 2025, the current rebound underscores growing investor confidence in Layer-1 blockchain projects. As one analyst noted, “Solana continues to attract liquidity on every dip — a sign that institutional sentiment remains constructive.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.