Solana Tests $182–$185 Support Zone as Analysts Eye Relief Bounce and Key Recovery Levels

Solana tests the $182–$185 support zone, signaling a key decision point for near-term price action.

Analysts identify $180 as a crucial confluence level, with potential bullish reversal if support holds.

Ecosystem data shows $10.67B TVL and strong liquidity, though $36M outflows indicate cautious sentiment.

Solana’s price is testing a critical support range between $182 and $185, where traders expect a possible relief bounce or pullback. Market analysts note that holding this level may encourage a short-term recovery, while failure could lead to further declines toward lower support levels. At the time of writing, Solana was trading at $180.

Key Support Zone Holds as Analysts Watch for Bullish Reaction

According to an analysis prepared by BitGuru, Solana’s recent decline from the $253 high has pushed the price into a consolidation phase. The token has been forming lower highs and lower lows, reflecting ongoing selling pressure. The 4-hour chart shows that the $182–$185 area now acts as a short-term decision zone for traders.

BitGuru stated that “a reversal from this range could set up the next bullish leg,” suggesting that demand may rebuild if the support holds. The $180 level is seen as a confluence zone linked to previous bullish order blocks that triggered prior recoveries

Source: ManofBitcoin(X)

Maintaining a daily close above this area could lead to the formation of an accumulation range, signaling potential strength ahead. Man of Bitcoin observed that the chart is “potentially developing a 1-2 setup,” with Wave 2 nearing completion between $175.59 and $173.06. The analyst noted resistance at $186.78 and $195.99, while a move above $214 could indicate renewed bullish control.

Ecosystem Metrics and Market Outlook

According to data from DeFiLlama, Solana’s total value locked (TVL) stands at $10.67 billion, marking a 5.45% daily decrease. The capitalization of the stablecoin market is still solid, totaling $15.64 billion, which contributes to the liquidity of networks.

Decentralized exchange trading volume reached $5.94 billion, while perpetuals trading accounted for $2.25 billion. Exchange data from Coinglass shows $36.1 million in net outflows on October 17, extending a three-day cumulative withdrawal above $400 million

Analysts believe that in case inflows are stabilized and the price regains the level of the $199-$205 range, Solana might recover to the $230 range. However, a breakdown below $172 may lead to extended consolidation before a new bullish phase emerges.

The post Solana Tests $182–$185 Support Zone as Analysts Eye Relief Bounce and Key Recovery Levels appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.