The post Solana Price Holds Above $180 as Traders Eye a Breakout Toward $200 appeared first on Coinpedia Fintech News
Solana (SOL) price is inching closer to the crucial $180 mark, igniting speculation that a breakout toward $200 could be on the horizon. After weeks of steady gains and surging network activity, traders are debating whether this rally signals the start of a new leg higher—or the calm before a reversal. With bullish momentum building and key technical indicators flashing green, the next few sessions could determine whether Solana’s 2025 run is just getting started.
Current Solana Price Overview
At press time, SOL trades near $186, down nearly 2.34% in the past 24 hours, as the broader crypto markets continue to experience significant upward pressure. Trading volumes across centralized exchanges have plunged, with open interest in Solana futures also dropping—signaling rising speculative activity.
Institutional flows also remain positive, as Solana continues to attract capital through staking platforms and DeFi protocols built atop its network. The blockchain’s growing DEX volume and steady NFT activity have added fundamental support to its price base.
Solana Price Analysis: What’s Next for SOL?
The Solana price rally faced a halt after it failed to break above the pivotal resistance at $250. Moreover, the bearish start for the month strengthened the bears, while the US-China trade tensions helped the token to form an intraday low close to $170. Since then, the SOL price has been trying hard to break through the pivotal resistance at $200, but each attempt has failed. Currently, the token is consolidating just below this threshold, appearing to be accumulating strength to trigger a breakout soon.
The latest pullback seems to have pushed the token into a brief consolidation phase as the price has entered the Ichimoku cloud, which is currently bearish. The levels have dropped below the baseline, and hence, continued bearish action could initiate a bearish crossover. Meanwhile, the On-balance volume has begun to form lower highs and lows, hinting towards a rise in the selling pressure on increasing volume. The volume is constantly flowing out of the crypto, which could weaken the rally in the short term.
Solana Price Prediction: Will SOL Price Reach $220 by November 2025?
The SOL price is heading towards a bearish close for the month as the RSI is draining both in the weekly and daily timeframes. However, the bulls may defend the pivotal resistance at $183, which could help the token to begin the November trade on a bullish note. The current trade setup suggests the price could rise above $200 and make it to $208 to $210 range in the early months. The support at $200 will hold the rally strong throughout the month and close the month above the resistance zone around $215 and $220.