Solana Faces Strong Rejection at $192 Resistance

Solana price action is struggling to gain momentum above the $192 level, a critical zone packed with strong technical confluences. This region houses both the 200 Exponential Moving Average (EMA) and the Point of Control (POC), making it a decisive battleground for market participants.

The inability to reclaim this region suggests that bullish momentum remains limited in the short term. A rejection from this resistance could invite a deeper corrective phase, especially if buying pressure continues to fade near current levels.

Key Points:
- Major Resistance: $192, aligning with both the 200 EMA and POC, acting as a technical ceiling.
- Structural Weakness: Failure to reclaim this level limits upside continuation.
- Downside Target: Next high-timeframe support sits near $145, offering potential re-entry interest.

From a technical standpoint, Solana must close decisively above $192 to confirm strength and invalidate the current rejection bias. Until then, price remains vulnerable to a retracement toward lower liquidity zones.

What to Expect:

Expect further consolidation or minor pullbacks while below $192. A rejection from this region could accelerate a rotation toward $145, whereas a confirmed breakout would reestablish a bullish trajectory toward $210–$220.