The Cryptocurrency Market is facing renewed pressure as Solana (SOL) fell under the stable trade of $ 177, reflecting broader concerns about global economic stability.

The correction coincides with rising geopolitical tensions that have rattled financial markets around the world, forcing investors to reassess risk exposure across digital assets.

Despite the withdrawal, Solana’s ecosystem continues to expand with R3’s strategic swivel point to integrate with its blockchain, signaling growing institutional interest in the platform’s ability to tokenize assets in the real world.

Technical analysis highlights

• Sol Price fell from stable $ 177 range to find support for $ 170.41, representing a 4.5% correction.
• Dramatic volume to 1.26 m occurred in midnight when prices fell under $ 172.
• Support levels established at $ 170.67- $ 171.66 have held so far.
• The price trial recovery to the $ 174 level before facing resistance.
• In the last hour, sun dropped from $ 172.93 to $ 172.00.
• Significant price drop occurred at. 08:00, where he briefly affected $ 171.92 before recovering.
• Volume spiked to 29,372 units during this minute, suggesting institutional sales pressure.
• Temporary support found for $ 171.80- $ 171.85 Range around 07: 30-07: 31.
• Local height of $ 172.35 reached at. 07:36 during recovery attempts.
• The price is consolidated almost $ 172 support level.

External references

• “Solana (Sol) Price Flexes Bullish Momentum, analyst Eye Major Breakout Beyond $ 250”, Coin Edition, published 23 May 2025.
• “Can Solana break $ 180 resistance? Here’s what Sol Price will be worth in 2025!”, Coinpedia, published May 24, 2025.
• “Solana MacD Curling Up – is this the foreplay for a breakout?”, NewsBTC, published May 24, 2025.