• Solana price today trades near $196, holding above $192–$196 support after rejection from $246 channel resistance.
• On-chain flows remain mixed, with $21.8M net inflows failing to confirm strong accumulation trends.
• Futures open interest slips 7.4% to $13.4B, showing reduced leverage appetite as traders cut risk exposure.

Solana price today is trading near $196, recovering modestly after sliding from last week’s $246 peak. The sharp reversal has placed SOL just above key trendline support, while buyers are attempting to defend the $192–$196 zone. The main question is whether Solana can stabilize above this level or if deeper downside toward $172 will unfold.

Solana Price Loses Momentum At Channel Resistance

The daily chart shows that Solana rejected the $246 resistance, which aligned with the upper boundary of its…

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