Is the Solana (SOL) Price Drop This Time a Golden Opportunity to Buy?

Jakarta, Pintu News – Solana experienced a significant price drop from the $238 zone. Currently, Solana’s price is below $225 and shows potential for further decline below $218. This decline raises an important question for investors: is it the right time to buy Solana? This article will take a closer look at the current dynamics of Solana price and its potential future.

Solana Price Drop Analysis

Solana (SOL) had recorded gains above $225 and $230, following in the footsteps of Bitcoin and Ethereum . However, after peaking at $238, the price started to correct. It fell below $232 and an important bullish trend line at $230 on the hourly chart of the SOL/USD pair was also broken. Currently, Solana is trying to consolidate below the 23.6% Fibonacci retracement level of the last drop from $237 to $217.

Solana is now trading below $225 and the 100-hour simple moving average. In the event of a recovery wave, Solana may face resistance near $222. The next major resistance is near $228, or the 50% Fibonacci retracement level of the last decline. The next key resistance is $230, and a successful close above this resistance zone could trigger a steady rise.

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Potential for Further Decline

If Solana (SOL) fails to break the $230 resistance, there is a possibility that the price will continue to decline. Initial support lies in the $218 zone. The first major support is near $212. If the price manages to break below $212, Solana could head towards the $200 support zone. A close below the $200 support could push the price towards the $188 support in the short term, signaling a potential deeper drop.

Technical Indicators and Advice for Investors

The hourly MACD indicator for SOL/USD shows acceleration within the bearish zone, signaling that the selling pressure may still continue. Meanwhile, the hourly Relative Strength Index (RSI) is below the 50 level, indicating that sellers have an edge over buyers at the moment.

Investors should take note of the support and resistance levels mentioned to take the right investment decision. Monitoring these indicators may provide further insight into the future price direction of Solana.

Conclusion

Taking into account all technical factors and current market trends, investors should exercise caution in making investment decisions regarding Solana (SOL). Closely monitoring price movements and technical indicators will be crucial in determining the right time to buy or sell. While there is potential for further downside, strong points of support could be opportunities for investors looking for strategic entry positions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Solana (SOL) Declines Again, Can Bulls Defend $200? Accessed on October 9, 2025