SOL Price Prediction: Can it break through the $200 mark? Key technical levels and market sentiment analysis

SOL Price Prediction

SOL Technical Analysis: Potential Rebound After Short-Term Correction

According to BTCC financial analyst Michael's technical analysis, SOL's current price is 150.01 USDT, below the 20-day moving average of 163.288, indicating short-term weakness. The MACD indicator (12,26,9) shows a positive value but weakening momentum (13.2157 | 7.2633 | 5.9524). The Bollinger Bands show the price is near the lower band at 140.8202, potentially indicating mean reversion. Michael believes: "SOL is in a volatility contraction zone, and technical indicators show short-term overselling. If it holds the 140 support level, it may rebound to around the middle band at 163."

Solana Price Preparing to Break Through Volatility Contraction Zone

btcc analyst Michael interprets market sentiment: "Although SOL breaking below the 150 psychological level triggered short-term panic, volatility contraction often signals a major market move. Current news headlines reflect market overreaction, contrasting with technical oversold signals, potentially creating a buying opportunity." He added: "Breaking through the 185 upper band will confirm a new upward trend."

Factors Affecting SOL Price

Solana Price Preparing to Break Through Volatility Contraction Zone

Solana (SOL) continues to consolidate in an increasingly tighter range on the 15-minute chart, signaling an imminent breakthrough. The cryptocurrency briefly dropped below $142 during a sharp sell-off but quickly rebounded to reclaim the $150 level. As the price movement forms a recognizable breakthrough structure, market participants are waiting for confirmation of directional momentum.

A descending triangle pattern appears on the hourly chart (typically a bearish signal), but SOL continues to hold the $145 support zone. The resistance level near $155 remains a key hurdle for bulls. Analysts note the market is digesting selling pressure, and if current momentum is maintained, further upside is possible.

SOL Breaks Below 150 USDT Level on OKX

Solana (SOL) broke below its USDT-anchored price during overall market pullback, trading at 149.99 USDT on OKX exchange. The asset declined 1.29% in the past 24 hours, underperforming most mainstream cryptocurrencies.

Market participants note reduced liquidity in SOL trading pairs, exacerbating the decline. If bulls fail to regain momentum, breaching the $150 USDT psychological support could trigger further technical selling.

Will SOL Price Reach $200?

Based on current data, BTCC analyst Michael proposes a three-stage path:

Michael emphasizes: "We need to observe the defense strength of the 140 support level. If the weekly close remains above this level, combined with a golden cross in MACD, the $200 target will have a technical foundation."

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