Solana (SOL) Price Prediction: Key Support at $175 in Focus as Momentum Fades

Solana is currently trading around the $187 mark and continues to face resistance near the $200 level. As noted in the previous analysis, SOL retested the $200 zone once again and faced rejection as expected. At the moment, the price is moving in a clear downtrend, suggesting that lower levels could come into play in the coming weeks. Let’s take a closer look at the latest SOL charts to understand where the price might be heading in the short term.

Our Solana Price Prediction Summary

• Solana continues to face strong resistance at $200, keeping the trend tilted toward the bearish side.
• Repeated rejections and a breakdown from the old rising channel confirm fading bullish momentum.
• $175 remains the key support to watch, with a potential move toward $150 if bears maintain pressure.

Analyzing the Charts

Rejections Highlight Ongoing Selling Pressure Looking at the latest 4-hour chart, SOL has been trading sideways for the past few weeks, moving between the support level at $175 and the resistance at $200. The price has rejected the $200 resistance multiple times, which indicates weakness on the bullish side. SOL is now heading toward the $175 mark once again, and bears will likely attempt to push the price below this level. If that happens, the next key support area to watch for Solana will be around the $150 region.

Market Structure Shows Gradual Weakness

Shifting to the 1-day timeframe, it is clear that Solana is currently moving within a downtrend, as the price continues to form lower highs in succession. There was some bullish momentum after the flash crash earlier this month, but that momentum has now faded. With the price struggling to break above the $200 zone, it is likely that a retest of lower levels could occur soon. At the moment, the key support level to watch is $175. However, if bears manage to push the price below this level, the next crucial support Solana must hold is around the $150 region.

Technical Breakdown Extends Downside Bias

We can also see that SOL was trading within a rising channel on the 1-day timeframe last month and broke below it after forming its first lower high, followed by the flash crash. Breaking down from this pattern clearly shifted the trend, confirming the start of a bearish move. The breakdown target for this structure remains below $175, which further supports the possibility of the price moving toward the $150 zone. However, confirmation will be needed before validating that move. Overall, our current Solana price prediction remains tilted toward the bearish side.

Final Takeaway: What is Next for Solana?

In conclusion, Solana continues to face strong resistance around the $200 level while showing weakness across lower and higher timeframes. The repeated rejections from this zone and the recent breakdown from the rising channel indicate that momentum currently favors the bears. Unless the price manages to reclaim $200 with strong volume, the likelihood of a deeper correction remains high. The $175 support will be the first key area to watch, and if it fails to hold, SOL could move toward the $150 region in the coming sessions. For now, indicators point to a continuation of the downtrend until a clear reversal signal appears.