Solana’s Rally Hits a Wall as Token Tests Crucial Support Levels
After months of steady gains, Solana (SOL) is now facing significant challenges as it tests critical support zones. Analysts from MakroVision have warned that the market structure shows signs of exhaustion, putting the asset at risk of deeper corrections.
Last week’s sharp downturn dragged Solana below its main uptrend line, leaving it vulnerable to further declines. This break coincided with a broader crypto sell-off that erased billions from the market, pushing SOL as low as $173 before buyers stepped in to slow the descent.
### Key Support and Resistance Levels
Analysts have highlighted a narrow zone between $192 and $188 as Solana’s near-term battleground. If bulls can defend this range, a rebound toward $204 or even $223 remains possible. However, failure to hold this support could see prices retreat to around the $159 level, where previous demand emerged earlier in the summer.
MakroVision described Solana’s chart as “structurally weak,” noting that momentum indicators have yet to confirm any major recovery. Despite these concerns, the firm added that as long as the $190 region holds, the broader uptrend that defined 2025 is not fully broken.
### What This Means for Traders
The coming days are crucial for Solana. Traders will be watching closely to see whether the token stabilizes and gears up for another leg upward or continues sliding deeper into correction territory.
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**About the Author**
Alex is a reporter at Coindoo and an experienced financial journalist and cryptocurrency enthusiast. With over 8 years covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. Alex specializes in breaking down complex ideas into accessible, in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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