Solana Rally Stalls: Pullback To Key Support Signals Potential Correction

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	123,566,147,960	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

123,566,147,960

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	9.89	3.91%	262.92	262.91	262.92

Price Change

Price Change %

Current Price

Bid Price

Offer

9.89

3.91%

262.92

262.91

262.92

High Price	Low Price	Open Price	Prev. Close	52 Week Range
264.35	247.23	254.14	253.03	83.25 - 295.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

264.35

247.23

254.14

253.03

83.25 - 295.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:11:04	0.005000	262.93	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:11:04

0.005000

262.93

USD

Price x Volume	Volume	Base Symbol	Related Pairs
151,561,821.71	594,288.57	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

151,561,821.71

594,288.57

Solana Rally Stalls: Pullback To Key Support Signals Potential Correction

07/01/2025 9:00pm

NEWSBTC

Solana’s strong rally is losing momentum as prices face a pullback, suggesting a potential correction toward the $209.9 support level. After a period of bullish gains, market dynamics and profit-taking impact its upward movement. This pullback signals a pause in the bullish trend, with traders and investors watching for signs of recovery or further decline. The $209.9 support zone is crucial for Solana, as its ability to hold will likely determine the next price movement. A successful defense could spark renewed buying interest and lead to a rally, while a breach of this support may trigger deeper corrections, impacting market sentiment. A Pullback To $209.9 In Sight For Solana Bears have taken control after the pullback at $223, overpowering the bulls and driving the price toward the critical $209.9 support level. This shift in market sentiment reflects growing selling pressure, with bears looking to push the price even lower. Bulls’ failure to maintain prices above $223 has raised concerns about the strength of the current uptrend. Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst With the $209.9 support level now in focus, the market is at a critical juncture. If the price fails to hold at this level, it may signal a lengthy correction. On the other hand, if the bulls manage to defend the support and regain control, the market might stabilize and set the stage for another rally. The battle between the bulls and bears is now centered on this support zone, and the next price action will likely reveal the direction in which the asset is headed. Traders should remain vigilant as the outcome of this test could have significant implications for the short-term price movement. Additionally, technical indicators suggest that the rally may be losing steam, with a slight bearish divergence appearing on the RSI and a slowdown in buying pressure. A retracement to $209.9 is likely to provide the market with an opportunity to reset, offering bulls a chance to consolidate and prepare for a possible rebound. Evaluating Crucial Support And Resistance Zones For Price Direction Evaluating the key support and resistance zones is essential for predicting the future direction of the price movement. In this case, the $209.9, $194, and $164 support levels are critical to watch. Related Reading: Solana Back Above Weekly & Monthly Support Levels – Analyst Expects New ATH Should the price decline, these levels may act as strong cushions, potentially preventing more drops. If the price fails to hold at $209.9, the next support level to watch is $194, followed by $164, which might signal a deeper correction. Meanwhile, the $240 and $260 levels stand as critical resistance zones once the bulls manage to regain control at $209.9. A breakout above the $240 resistance is set to trigger a notable surge, possibly driving the price toward the $260 resistance. These levels serve as key barriers, and a successful break above them could indicate an extended upsurge, signaling continued strength. Featured image from Unsplash, chart from Tradingview.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SOLUSD Solana