Solana has recently seen an impressive price increase and has reached two months’ heights and approached its $180 mark.
However, it faces a critical level of resistance that will prevent Altcoin from being pushed beyond $200. With market conditions and investor behavior present, the journey to $200 may be challenging for Solana.
Solana investors move to sales
Many Solana (SOL) holders have chosen to book profits, contributing to an increase in realised profit/loss ratios. The indicator has skyrocketed to 15.0, indicating that excessive sales could be a concern. Historically, if this ratio exceeds the 10.0 threshold, it often leads to short-term price adjustments.
This profit-making action could exacerbate market volatility and delay or halt Solana’s rally. Even if Solana could make a big profit over the past month, the inflow of sales could put a strain on prices.
As a result, Sol may be facing an inversion.
Solana’s technical indicators also suggest that its bullish momentum may be approaching saturation. Currently, the relative strength index (RSI) is above 70.0, placing Solana in excess zones.
This suggests that, similar to the one that happened in mid-January 2025, Solana prices could reach their peak, as did the Solana prices drop after reaching similar levels. The RSI, combined with investor behavior, shows that Solana prices may be approaching a short-term decline.
Solprice faces old enemies
Solana prices rose 61% last month and traded at $170 at the time of writing. Altcoin is just under the $180 resistance, not too far from the much-anticipated $200 mark.
If the current momentum continues, Solana could overcome this resistance and rally towards the $200 milestone, causing further returns and investments.
However, the above factors can raise concerns about the price of Solana. The combination of increased sales pressure and bought technical indicators could lead to a reversal.
In this case, Solana prices could drop below $161, and the $148 level could be the next important support. This leaves the $180 barrier intact and delays the much-anticipated breakthrough.
Meanwhile, if the Sol on sale is absorbed by new investors and the price can hold profits, Solana could push past the $180 resistance. This will bring the pass to $200, invalidate the bearish outlook and continue the bullish trend. Such a move requires sustained market trust and demand to overcome current barriers.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
