Solana (SOL) Price Analysis: Bearish Divergence Pressures Price Toward Key Support

Solana is currently trading around the $220 mark and is looking quite bearish in the immediate short term. In our previous analysis, we highlighted a bearish divergence on the daily timeframe, and that signal is now playing out. The price has also slipped below the $230 level, which had provided support over the past couple of weeks. With this breakdown, combined with the broader market losing momentum as Bitcoin corrects, bears are likely to push the price lower. Let’s take a quick look at the latest Solana charts to see where the price could be headed in the short term.

Our Solana Price Prediction Summary

• Solana is trading around $220 with bearish divergence confirming downside pressure.
• The breakdown below $230 and rejection at $250 strengthen the bearish outlook.
• Key support levels to watch are $215 in the short term and $200 for the broader trend.

Analyzing the Solana Charts

Looking at the latest 1-day charts for SOL, a bearish divergence on the RSI is visible and is now playing out. The price has broken below the consolidation zone it had been respecting for the past week and is currently trading under the key support at $230.

Now, zooming in on the 4-hour timeframe, we have a similar picture that hints towards a further correction. We can see that the price here rejected the resistance at $250 twice in succession forming a double top pattern. A double top pattern is a bearish pattern that indicates strong buying pressure at a resistance level and hints correction. After rejecting $250 SOL did also lose the support at $230 as pressure increased and the bulls will now try to hold the $215 which will be our support for the immediate short term.

The $215 level is the key support to watch right now. Holding above it may give bulls some time to regain momentum. However, the bearish trend remains strong, and the price is likely to drop further in the short term. The major level SOL must hold is $200, as a break below this mark would signal a deeper correction in the coming weeks. That’s why our current Solana price prediction is leaning bearish.

Final Takeaways: What is Next for Solana (SOL)?

Solana is currently trading around $220 and continues to show weakness on the lower timeframes. With the bearish divergence on the daily chart playing out and Bitcoin’s decline pressuring altcoins, the price is likely to drop further in the coming weeks. For now, the $200 level remains the key area to watch, and how Solana reacts to it in the coming days will be crucial.