Solana Price Analysis: Market Expert Suggests Accumulating $SOL Below $200
Solana has remained relatively stable in recent sessions, and this subdued price action is attracting attention. Rather than signaling weakness or panic-driven selling, current conditions indicate a consolidation phase.
Unlike many assets experiencing broader market declines, SOL continues to trade sideways within a wide range. Buyers are consistently stepping in at key support levels, while sellers are defending major resistance zones. At present, neither side has established clear dominance.
On the daily timeframe, $SOL remains confined between the $110–$120 support area and the $180–$200 resistance region. Each pullback toward the lower boundary has been met with buying interest, and notably, the price structure has not produced lower lows. This behavior typically reflects market equilibrium rather than bearish pressure.
Momentum indicators reinforce this outlook. The daily Relative Strength Index (RSI) is positioned near neutral levels, suggesting a healthy reset in momentum instead of a trend breakdown.
A closer look at the 4-hour chart reveals a similar pattern. SOL recently rebounded from the low $120 range — a level that has repeatedly demonstrated strong demand. Although the subsequent rally stalled near the mid-$140s, the price action that followed is more significant.
Instead of experiencing a sharp decline, SOL gradually retraced with smaller candlesticks, indicating reduced selling pressure and market indecision. While momentum has cooled, it has not shifted decisively bearish. The flattening 4-hour RSI further supports the ongoing consolidation phase.
Currently, the $120 level remains a critical support zone. As long as SOL maintains this level, the broader technical structure remains intact. On the upside, reclaiming the $140–$150 range would be an important step before higher targets such as $180 and $200 become viable again