Solana (SOL) Price Prediction: Consolidation Persists with Downside Risks Still in Play

Solana is currently hovering around the $190 mark, showing signs of consolidation on the lower timeframes. As mentioned in the previous analysis, the bearish divergence on the daily chart has continued to play out. The price faced rejection near the $200 resistance zone once again and is still struggling to break above it. In the short term, Solana is likely to continue moving sideways as momentum weakens. However, the broader trend still leans bearish, and a deeper correction remains possible with the market slowing down and the risk of a wider downturn increasing. Let’s take a closer look at the latest SOL charts to understand where the price could be headed next.

Our Solana Price Prediction Summary

• Solana continues to face rejection near $200, with momentum fading and the broader trend leaning bearish.
• The breakdown from the Rising Channel and consistent lower highs confirm ongoing downside pressure.
• $175 remains the key support level that will decide whether Solana consolidates further or slides into a deeper correction.

Analyzing the Charts

Sideways Price Movement on Lower Timeframes

On the 4-hour timeframe, Solana shows a sideways movement following a failed breakout attempt above the $200 zone. The same structure is visible on the 1-hour chart, reflecting a clear lack of bullish momentum. For Solana to shift this short-term trend, it must break above the crucial $200 resistance zone. A successful move above this level could help the price regain previously held support levels and signal renewed strength from buyers.

$175 Support Zone Holds as Price Tests the Range

Switching to the 1-day timeframe provides a clearer view of Solana’s current position. The price remains in a downtrend, forming a clear pattern of lower highs and lower lows. At the moment, Solana appears to be attempting to form another low that aligns with the existing structure. A further push down by sellers would confirm another lower low, suggesting that the downtrend is likely to continue in the near term. However, if the price holds within this range, further consolidation could follow, allowing bulls some time to regain momentum. Still, breaking above the $200 resistance level remains a significant challenge for buyers. The support currently holding the lows is around $175, and a break below this level could trigger a deeper correction.

Failed Retest Confirms Loss of Upward Momentum

The trend reversal also becomes clear when observing the Rising Channel pattern that had formed on the 1-day timeframe. A Rising Channel is generally considered a bearish pattern, often signaling a potential breakdown after an extended uptrend. Solana broke below this structure during the flash crash on October 10 and later faced rejection from the lower boundary of the channel during the rebound. This confirmed the trend reversal, and the price has since continued moving in a downtrend. Keeping this structure and momentum in mind, the current Solana price prediction remains bearish.

Final Takeaway: What is Next for Solana?

Solana’s price action continues to reflect a cautious market environment. The failed breakout above $200, the ongoing downtrend structure, and the rejection from the Rising Channel all point toward sustained bearish pressure in the short term. Indicators suggest weakening bullish momentum, with sellers still maintaining control around key resistance levels. The $175 zone remains the critical support to watch. A break below it could open the door for a deeper correction, while holding above it may lead to extended consolidation before any meaningful recovery attempt. For now, Solana needs to reclaim the $200 level to shift sentiment and confirm a potential reversal. Until that happens, our Solana price prediction stays tilted to the bearish side, with cautious movement expected in the coming sessions.

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