Solana on the Verge of Correction

🔵On August 25, Solana reached $213 but failed to hold the level, retreating to $200 with a 3.6% drop. Despite gaining 10.7% over the week and 7% over the month, signals of a potential correction are intensifying. Analysts note spikes in profit-taking — each of which previously led to price pullbacks — and the latest surge to $213 raises the risk of a decline down to $175, a key support zone.
🔵Another pressure factor is bearish RSI divergence: while price rose from $204 to $213, the index weakened from 65 to 58, signaling declining buying activity. If Solana holds $183, the bullish trend structure remains intact, but breaking below this level could open the way to $175. Conversely, consolidation above $213 could restore upward momentum.