Solana Price Struggles Below $200 as Investor Caution Grows

Solana (SOL) continues to battle resistance at the $200 level, a key psychological and technical barrier that has repeatedly halted its recovery attempts. Despite an overall optimistic crypto market, Solana’s inability to secure this threshold as support has made investors wary, prompting profit-taking and increased short-term volatility.

Recent data highlights significant fluctuations in Solana’s profitability. Within just 48 hours, the percentage of SOL supply in profit surged from 52% to 70%, an 18% increase, while its price rose less than 5%. This sharp contrast indicates that many holders accumulated near the $200 range. When the price dips, these quick profit reversals often trigger renewed selling pressure, reinforcing $200 as a crucial resistance zone.

Exchange data further reflects bearish sentiment. Over the past 10 days, roughly 1.5 million SOL — worth about $300 million — has been transferred to exchanges. Such inflows typically signal an intent to sell rather than hold, often preceding short-term corrections. Unless exchange inflows slow and buying interest strengthens, Solana’s price may continue facing downward pressure.

Currently trading near $197, Solana remains capped below $200. A sustained breakout above this level could flip sentiment bullish, potentially pushing prices toward $213. However, if selling pressure persists, SOL risks slipping below $192, with further declines toward $183 or even $175 possible.

For Solana to regain momentum, it must reclaim and hold the $200 level as strong support. Until then, rising exchange balances and unstable profit-taking trends suggest continued caution among traders and investors.