Solana price analysis (Bullish) — 195.27 USDT (-4.54% 24h)

SOL/USDT is showing signs of consolidation after recent selling pressure, currently trading at $195.27 with a 4.5% decline over the past 24 hours. The RSI reading of 39.5 indicates the asset is approaching oversold territory, which could present a potential buying opportunity for swing traders. Volume remains robust at over $1 billion, suggesting continued institutional interest despite the price dip. The current price sits just below the 20-day SMA of $195.85 but remains above key psychological support at $190. With volatility elevated at 5.6%, traders should expect continued price swings. For position traders, accumulating near current levels with stops below $185 could offer favorable risk-reward. Day traders might look for bounces off the $192-194 support zone targeting resistance around $205. The technical setup suggests we’re in a corrective phase within a broader uptrend, making this an attractive entry point for patient investors.