Can Solana (SOL) Price Break $200 Again? Check out the Analysis!

Jakarta, Pintu News – The price of Solana (SOL) continues to face resistance around the $200 level, a point that has proven difficult to break. After several attempts to recover, the altcoin is still stuck just below that threshold.

Despite the optimism in the overall market, Solana’s inability to make the $200 level a support kept investors cautious and encouraged profit-taking to continue.

Solana’s Advantage Remains Unstable

Recent data shows that the amount of Solana supply that is in profit is highly volatile.

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In just 48 hours, the percentage of SOL supply that recorded a profit jumped from 52% to 70% – an 18% increase – while the SOL price itself only rose by less than 5%. This discrepancy indicates that many SOL holders bought their tokens around the $200 level.

When the Solana price dropped, the gains quickly disappeared, which triggered selling pressure again. These sharp fluctuations confirm that the $200 level is still an important psychological and technical boundary.

Data from crypto exchanges reinforces this cautious view. In the last 10 days, around 1.5 million SOLs – worth nearly $300 million – have been moved to exchanges. This trend suggests that many holders are choosing to sell rather than add to their holdings, reflecting a bearish market sentiment.

A rise in SOL balances on exchanges is often a harbinger of a short-term correction, as increased supply on trading platforms magnifies the risk of a sell-off. Unless inflows slow down or strong buying interest emerges, Solana will likely still face downward pressure.

SOL Prices Need to Find Strength to Strengthen

As of October 26, Solana was trading at $197, just below the $200 resistance level. This price level has repeatedly been the upper limit that has hindered a sustained recovery. To signal the strength of the uptrend, SOL should be able to break out and make $200 a solid support.

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If the selling pressure persists, Solana’s price is at risk of dropping below $192, with a potential further decline towards $183 or even $175. The increase in SOL balances on exchanges as well as volatile profit-taking activity reinforces this bearish scenario in the short term.

However, if Solana manages to break above $200 and continue its rise to $213, the bearish outlook could be invalidated. A clean breakout above $200 would most likely reignite investor interest, improve market sentiment, and reduce volatility in the short term.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Solana Price Profit Fluctuates Sharply. Accessed on October 27, 2025