Solana Faces Bearish Outlook as Derivatives Activity Declines

Solana (SOL) is currently under bearish pressure after failing to maintain momentum above the $250 level. The cryptocurrency now trades within a tight range between $180 and $185, facing strong resistance near $233. Analysts suggest that Solana’s recent price movement reflects weakening market confidence and a decline in speculative trading activity.

Following its rejection from $250, Solana’s market structure shows signs of a potential short-term rebound, possibly pushing prices toward the $210 zone. However, this bounce is seen as corrective rather than a full bullish reversal. Analysts emphasize that unless Solana breaks above $233 with strong volume, the bearish trend may persist through the coming sessions.

Supporting this outlook, derivatives market data indicates a notable slowdown in speculative positions and reduced open interest across major exchanges. The decline in trading volume and leverage suggests traders are exercising caution amid broader market uncertainty. This trend points to a cooling phase for Solana, as investors await clearer signals from Bitcoin and macroeconomic conditions before reentering high-risk assets.

Despite the bearish tone, long-term sentiment for Solana remains cautiously optimistic due to its expanding ecosystem and consistent network growth. Yet, short-term traders should monitor key support at $180 and resistance at $210–$233 for potential breakout or breakdown confirmation.

If the current bearish pressure continues, Solana may test lower support levels, but a sustained recovery above $210 could attract renewed interest. Overall, Solana’s near-term trajectory hinges on derivatives activity, trading sentiment, and broader crypto market trends.