Solana Price Faces Bearish Pressure — Analyst Notes Breakdown Amid Derivatives Slowdown

The Solana price hovered near $184, posting a slight 0.52% daily gain as analysts issued mixed outlooks. A market analyst, LennAert Snyder, highlighted that SOL lost its uptrend after failing to break $250, suggesting the market now sits within a bearish structure. Meanwhile, mild accumulation has been observed near lower supports, but conviction remains weak, keeping investors cautious about short-term price direction.

Solana Price Battles Key Levels Amid Mixed Technical Signals

The Solana price remains confined within a lower structure after failing to hold above $250. The recent rejection triggered a downtrend that left the token trading between $180 and $185. Analyst Snyder outlined $233 as the key resistance that must be reclaimed to shift momentum. 

Until then, the structure remains bearish, with mapped-out support zones beneath the current range. This suggests that Solana may continue oscillating between these levels while the long-term Solana price prediction stays neutral amid cautious accumulation near lower supports. 

Therefore, the long-term Solana price prediction 2025 may be slowed as consolidation continues around key levels, limiting broader market progress.

On the other hand, analyst Ali shared a contrasting perspective, noting that Solana looked ready to bounce, targeting $210 as the next level. His 4-hour chart highlighted a structured pattern showing price consolidation near $185 before a potential move higher. The setup suggested short-term strength within a limited recovery range. 

However, the price remains below broader resistance zones, leaving the general trend unchanged. Interestingly, this aligns with an earlier Solana prediction that pointed to temporary recoveries before facing strong rejection zones around $230 to $237.

Solana Derivatives Signal Weak Speculative Confidence

According to CoinGlass, derivatives data show declining market activity, indicating reduced speculative appetite among participants. Solana’s total volume fell by 46.38% to $18.87 billion, reflecting less aggressive positioning in futures markets. 

Open Interest also slipped by 6.3% to $8.63 billion, reinforcing signs of caution among leveraged traders. Options volume experienced a sharper 62% drop, while options Open Interest slightly decreased, showing hedging persistence despite lower engagement. 

This contraction points to declining volatility expectations and weaker confidence in near-term upside moves. Collectively, derivatives data underline a market preferring stability over risk, mirroring the subdued spot performance.

What’s Next for Solana?

The Solana price remains under structural pressure, with $233 acting as a decisive resistance barrier. Snyder’s chart highlighted this as the line separating bearish continuation from potential recovery. Meanwhile, Ali’s scenario presents a possible short-term rebound toward $210, offering a near-term counterpoint. Overall, the market stands at an inflection point where volume contraction and chart patterns suggest that conviction remains low. Ultimately, this leaves the SOL price range-bound until a stronger catalyst drives direction.