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Solana Price Hits 2-Month High, but Breaking the $200 Barrier is Challenging

2 mins
Updated by Mohammad Shahid
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In Brief

  • Solana’s price surged 61% in the last month, nearing $180, but faces selling pressure and an overbought RSI, making a breach of the $200 barrier challenging.
  • Profit-taking from investors has raised the Realized Profit/Loss ratio to 15.0, signaling potential short-term corrections and increased market volatility.
  • Solana must overcome the $180 resistance and maintain momentum to reach $200; failure to do so could lead to a decline to $161 or lower, testing key support levels.
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Solana has seen impressive price gains recently, reaching a two-month high and coming close to breaching the $180 mark. 

However, it faces a crucial resistance level that has kept the altcoin from pushing past $200. With market conditions and investor behavior at play, the journey to $200 may be challenging for Solana.

Solana Investors Move To Sell

Many Solana (SOL) holders are choosing to book profits, contributing to a rising Realized Profit/Loss ratio. This indicator has surged to 15.0, signaling that excessive selling could be a concern. Historically, when this ratio crosses the 10.0 threshold, it often leads to short-term price corrections.

This profit-taking behavior could also exacerbate market volatility, potentially delaying or halting Solana’s rally. The influx of sales could weigh on the price, even as Solana has managed to make significant gains over the past month. 

As a result, SOL could be facing a reversal.

Solana Realized Profit/Loss Ratio.
Solana Realized Profit/Loss Ratio. Source: Glassnode

Solana’s technical indicators also suggest that its bullish momentum might be nearing saturation. The Relative Strength Index (RSI) currently sits above 70.0, placing Solana in the overbought zone. 

This suggests that the altcoin’s rally could be reaching its peak, similar to what occurred in mid-January 2025, when Solana’s price saw a drop after hitting similar levels. The RSI, combined with investor behavior, signals that Solana’s price may be nearing a short-term decline.

Solana RSI
Solana RSI.. Source: TradingView

SOL Price Faces An Old Enemy

Solana’s price has surged by 61% over the last month, trading at $170 at the time of writing. The altcoin is just under the resistance of $180, not too far from the long-awaited $200 mark.

If the current momentum continues, Solana could break past this resistance and rally towards the $200 milestone, sparking further interest and investment.

However, the factors discussed above may cause concern for Solana’s price. The combination of increased selling pressure and overbought technical indicators could lead to a reversal.

In this case, Solana’s price may fall to $161 or lower, with the $148 level potentially becoming the next key support. This would keep the 3-month barrier of $180 intact, delaying the long-awaited breakthrough.

Solana Price Analysis.
Solana Price Analysis.. Source: TradingView

On the other hand, if the SOL being sold is absorbed by new investors, and the price can hold its gains, Solana may push past the $180 resistance. This would open the path to $200, invalidating the bearish outlook and continuing its bullish trend. Such a move would require sustained market confidence and demand to overcome the current barriers.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Aaryamann Shrivastava
Aaryamann Shrivastava is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including Telegram Apps, liquid staking, Layer 1s, meme coins, artificial intelligence (AI), metaverse, internet of things (IoT), Ethereum ecosystem, and Bitcoin. Previously, he conducted market analysis and technical assessments of various altcoins at FXStreet and AMBCrypto, covering all aspects of the crypto industry, including...
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