Solana (SOL) Price Prediction for May 18: Can Bulls Reclaim $175 Amid Volatility?

The Solana price today is trading around $169.25 after a sharp correction from the $184 region seen earlier this week. The altcoin has struggled to hold gains above $180, with a descending wedge forming on the 30-minute chart. As of now, the Solana price remains under key pressure near the $170 mark, with near-term momentum hinging on a decisive breakout above $172.60.

Price action over the past 48 hours suggests a loss of bullish momentum, though lower wicks near $165 signal underlying demand. The broader structure remains constructive, with higher timeframe trendlines still intact above the $163–$165 support region. However, upside potential remains capped unless bulls can breach the short-term descending trendline resistance.

Solana price action consolidates between support and resistance zones

On the 4-hour chart, SOL continues to consolidate between the $165 support and $172 resistance zone. The Solana price update shows that each bounce from the $165 level has been met with selling near the mid-$170s, suggesting the formation of a descending triangle. This formation…

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