Solana (SOL) Stalls Below $200 – Can the Bulls Regain Control?
Solana (SOL) charged up to $200 last Wednesday, igniting excitement across the market — but that spark is starting to flicker. Since tagging that milestone, SOL has been locked in a holding pattern, trading around $192.57 with no explosive follow-through. The hesitation has traders asking the hard question: Is Solana ready for another run, or does it need to cool off before retesting its January highs?
Breakout or Fakeout?
The 4-hour SOL/USD chart showed early promise as Solana clawed its way out of a descending channel, clearing the $190 mark. But momentum quickly hit a wall — the Supertrend indicator has flipped red and now hangs over the price like a ceiling, signaling fresh resistance and lingering bearish pressure. For now, SOL’s path back to $200 looks less like a sprint… and more like a grind.
