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What Is a Good Price to Buy Solana? Analyst Points to $187 & $179 Support Zone

2d ago
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Solana's price dip to the $176 support level is seen as a strategic buy zone by analysts and institutions.
  • Solana dropped 7.5% in 24 hours, testing support at $187 and $179.
  • Ali Martinez suggests buying at $176 or breakout above $207, targeting $300.
  • Weekly indicators show consolidation within a long-term symmetrical triangle.

Solana (SOL) faced heavy selling pressure over the last 24 hours, with the token crashing 7.5% and losing its grip above the key $200 resistance level. 

Why is Solana (SOL) price dropping? At the time of writing, SOL is trading near $187, testing its 20-day EMA as immediate support. Should bearish momentum persist, the 50-day EMA at $179 emerges as the next critical level to watch.

What Is a Good Price to Buy the Solana Dip?

Crypto analyst Ali Martinez noted that Solana’s latest rejection is a result of the market’s hesitation around the $200 mark. 

Martinez shared a chart that showed a prolonged ascending triangle structure with strong demand around the $176–$180 zone. 

Source: Ali Martinez

For traders, Martinez suggests two clear strategies: accumulate on dips into this support area or wait for a decisive breakout above $207 to confirm bullish continuation. His analysis suggests that this is a good area to buy” Sol…

The post What Is a Good Price to Buy Solana? Analyst Points to $187 & $179 Support Zone appeared first on Coin Edition.

2d ago
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