Solana’s Price Plummets, Will the Crucial $180 Support Hold?

Solana’s price has experienced a significant drop this week, falling around 15%. This decline is putting pressure on key support levels at the $180 mark. Despite the slump, trading volumes have spiked by about 13% as market activity intensifies. Solana now faces a crucial test: will its historic support level of $180 hold against downward pressure or will it trigger further downside? 180 is key. If buyers manage to push past resistance at $212 and maintain levels above, Solana could see a surge toward the $244 mark. 6 However, if this critical support fails to hold, SOL may face a deeper correction towards $165 where long-term buyers have previously shown interest.