Solana is consolidating just below the $180 level after a strong rally, facing resistance as buyers struggle to push SOL decisively through the key barrier.
New data shows Solana is the only top 10 cryptocurrency with a negative funding rate, signaling potential short-side pressure building in the derivatives market.
The divergence between price consolidation and growing bearish positioning in Solana could act as a catalyst for a short-term move, setting the tone for market behavior ahead.
Solana is at a critical inflection point after a significant rally, with bulls needing to push above a major resistance zone to confirm the uptrend and potentially move towards $200 and beyond.