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Highlights
- The decisive breakout could surge SOL by 40%.
- High trading volume despite overall market pullback
- The current Solana Price range signals a potential pivotal move.
As the cryptocurrency market experiences heightened volatility, the Solana price has dropped below the critical $200 threshold. This marks a continuation of its downward trajectory from earlier highs above $220 in 2025. With Bitcoin also struggling below $95,000, investors are questioning Solana’s stability and its potential to recover or fall further.
Predicting Solana Price: Major Move Up to $214 or Down to $183?
Crypto analyst Ali points out that Solana is currently experiencing a consolidation pattern, shaped like a symmetrical triangle on the trading charts.
According to the analyst, a decisive move either above $214 or below $183 could potentially trigger a price shift of around 40%. The technical analysis reveals that the cryptocurrency’s price action is tightening, signaling that a significant move may be imminent as it nears the apex of the triangle. Traders and investors are closely watching these levels as a breakout or breakdown could lead to substantial price changes.
SOL Price Analysis
Solana Price continues to experience market corrections, despite the excitement surrounding the recent SOL ETF approval. The cryptocurrency market struggles to maintain a steady upward trajectory.
Currently, the price of Solana is hovering within the $180 to $200 range, signaling a lack of clear direction as the market reacts to broader negative influences. As of Monday 13th, the SOL price hovered at $182, with a 2% decrease in the past 24-hours and a weekly dip of 15%.The Relative Strenght Index on the 4-hours chart is at 32, nearing the oversold region.
While Solana has established solid support above $180, preventing further declines amidst a general market pullback. If the price breaks above $200, it could target the $214 mark, suggesting potential for a bullish trend continuation up to $220.
On the other side, if it dips below $180, the Solana price forecast could face further drops, with $170 emerging as the next critical support level.
According to Coinglass data, the trading volume for Solana’s derivatives has surged by 26% to reach $4.86 billion. However, the open interest in these derivatives has declined slightly by 1.67%, now standing at $6.10 billion. This indicates a significant increase in trading activity even as overall positions have modestly decreased.
The Solana price dynamics currently present a critical juncture, hovering within a narrow range between potential breakouts and breakdowns. Traders are monitoring these thresholds closely as movements beyond these points could dictate short-term market sentiment and directional trends.
Frequently Asked Questions (FAQs)
1. Why did Solana's price drop below $200?
2. What is Solana’s current price trend?
3. What could trigger a major price shift for Solana?
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