Solana price has fallen below the key $200 level, continuing its downward trend in today’s trading. After hovering above $220 at the beginning of 2025, SOL is now under intense pressure. This decline has accompanied the rest of the cryptocurrency market, with BTC struggling to maintain its support levels, currently just below $95,000. The question is whether Solana will stabilize at $214, or is destined to fall further to $183.
Solana Price Prediction: A Massive Rise to $214 or a Fall to $183?
Cryptocurrency analyst Ali noted that Solana is currently experiencing a consolidation pattern, forming a symmetrical triangle on the trading chart.
According to analysts, a decisive breakout above $214 or a break below $183 could trigger a price movement of around 40%. Technical analysis shows that the cryptocurrency’s price action is tightening, suggesting that a major move could be imminent as it approaches the apex of the triangle. Traders and investors are closely watching these levels as a breakout or break below could lead to significant price moves.
SOL Price Analysis
Despite the recent excitement surrounding the SOL ETF approval, Solana’s price is still experiencing a market correction as the cryptocurrency market struggles to maintain a steady upward trajectory.
Currently, Solana's price is hovering between $180 and $200, indicating a lack of clear direction in the market as it responds to broader negative sentiment. As of Monday the 13th, the SOL price was hovering at $182, down 2% in the past 24 hours and 15% for the week. The relative strength index on the 4-hour chart is 32, approaching oversold territory.
Solana has established solid support above $180, preventing further declines amid the overall market correction. If the price breaks above $200, it could target the $214 mark, which means there is a chance that the bullish trend can continue to $220.
On the other hand, if it falls below $180, the Solana price prediction could decline further with $170 acting as the next critical support.
According to Coinglass, trading volume on Solana derivatives surged 26% to $4.86 billion. However, open interest in these derivatives fell slightly by 1.67% and now stands at $6.1 billion. This shows that despite a slight drop in overall open interest, trading activity has increased significantly.
Solana’s price dynamics are currently at a critical juncture, hovering in a narrow range between a potential breakout and breakdown. Traders are closely watching these thresholds as moves beyond these points could determine short-term market sentiment and directional trends.
