- Solana was confronted with a crucial resistance at $ 240, with important support for $ 196, which determined the next step.
- Market sentiment remained negative, although social volume and technical indicators show potential reversal signs.
Solana [SOL] Is at a critical moment, where traders keep a close eye on while the price of the cryptocurrency is confronted with a crucial test. At $ 202.94 at the time of the press, which shows a fall of 1.58%, the cryptocurrency experiences fluctuations that can push it higher or lower.
As the price critical levels test, traders or SOL resistance will break and focus on $ 350 or drops to $ 150.
This article delves into the technical indicators, social volume and sentiment to determine the next potential direction of Solana.
Source: X
Will Solana break a key resistance?
At the time of writing, the price of Solana moved within a well -defined channel, with support of around $ 196.44 and resistance to $ 240.43.
The price recently tested the falling trend line, but the next step depends on whether it can break through the resistance. If the price exceeds $ 240.43, this can activate a bullish step in the direction of $ 350.
However, if Sol fails to maintain his momentum, it can fall back on lower levels, possibly almost $ 150. That is why traders must concentrate on these important levels in the coming days to measure the direction of the Solana price action.
Source: TradingView
Is the market interested in SOL?
The social volume of SOL reached 1,235 entries, with a moderate increase in interest. The social dominance, however, remains 5.78%, indicating that SOL does not yet dominate discussions in the wider crypto space.
Nevertheless, the increase in social entries suggests growing attention and sentiment around Solana.
If the social volume continues to increase, this may indicate a stronger support for the price movement, Bullish or Bearish.
That is why traders must follow social activity because this can offer the necessary momentum for a price shift.
Source: Santiment
What do the RSI and MacD show?
The RSI for SOL was 42.41, approaching over -sold circumstances, but did not yet signal any imminent reversal. Moreover, the MACD shows a negative value of -3.61, which suggests a bearish Momentum in the short term.
However, the MACD line starts to approach a neutral position that can indicate a potential reversal.
That is why traders must be careful because Solana could experience a short -term storage before an important movement.
Source: TradingView
What is the market feeling about SOL?
The total weighted sentiment from SOL was -0.54, which indicates a somewhat negative market sentiment. This is in line with the Bearish indicators and suggests that there is more close pressure than Bullish Momentum.
However, market sentiment can move quickly, especially if Solana breaks through the most important resistance levels.
Therefore, if Sol can turn the sentiment around with a strong price movement, this can show a potential rally.
Source: Santiment
Conclusion: will Solana rise or fall?
Sol’s price promotion presents a mixed prospect. Although an outbreak above the $ 240 resistance can lead to a rally to $ 350, the technical indicators suggest a possible decrease to $ 150.
Read Solana’s [SOL] Price forecast 2025–2026
Traders must follow the most important support and resistance levels closely, because they will probably determine the next step of SOL.
That is why in the coming days will be crucial to decide whether Solana will rise or fall.
