<ul><li>Solana price traded around $175 as buyers sought further gains, but could face downside risk according to Glassnode.</li><li>Glassnode indicates that SOL might drop to support amid short-side pressure, with a negative funding rate signaling potential downside pressure.</li><li>Solana bounced off $170 to retest $175, but has shown limited movement recently, with a 4.5% increase in the past week.</li><li>Bitcoin's struggle to surpass $110k could impact Solana's price outlook, as traders remain cautious amidst increasing downside pressure.</li></ul>

SOL price faces downside risk, analyst flags key metric

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