Solana (SOL) Price Struggles Below $200: Short-Term Pullback Likely as Momentum Weakens
Solana struggles below $200 amid weak momentum. Analysts warn of a potential pullback to $185 or lower before another rally can begin.
Solana (SOL) faces resistance below $200 as technical signals point to a possible short-term retracement.
Solana (SOL), one of the top-performing altcoins in early 2025, is showing signs of fatigue as it continues to struggle to retest the crucial $200 level. After briefly crossing $190 last week, the token has failed to gain further bullish traction, raising concerns among investors about a possible short-term pullback.
As of now, SOL trades at $192.57, with technical indicators hinting at a weakening trend. Analysts caution that unless buying volume increases significantly, the altcoin may face a retracement before it can attempt a fresh rally toward its January peak of $242.57.
🔍 Technical Outlook: Bearish Momentum Builds
- The Supertrend indicator has flipped above the price on the 4-hour chart, a typical bearish signal suggesting resistance at current levels.
- The Average Directional Index (ADX) sits at 15.49, far below the 25 mark required to confirm a strong trend, indicating weak momentum.
- A potential pullback to $185 or even $171.73 is on the table if the token doesn't reclaim key bullish levels.
📉 Liquidation Heatmap Highlights 'Magnet Zone' at $185
According to Coinglass data, there's a dense cluster of liquidation levels around the $185 mark, making it a "magnet zone" — an area the price could gravitate toward during increased volatility.
Unless buyers step in with stronger volume, SOL’s price may drift toward this range.
📊 Daily Chart Analysis: Signs of Reversal Emerging
- Parabolic SAR dots have shifted above the price — a warning sign of a possible trend reversal.
- The MACD histogram is declining, suggesting fading bullish momentum.
- The narrowing gap between the 12-day and 26-day EMAs hints at an upcoming bearish crossover.
- If these signals play out, SOL might struggle to break resistance and could fall toward $171.73 in the short term.
🔁 What Could Flip the Trend?
If Solana manages to:
- Reclaim $200+ with strong volume,
- Push the Supertrend back below the price,
- And reverse Parabolic SAR positioning,
…then a renewed rally toward $242.57 may become viable.
