#HighlightPosts  Solana Price at 2-Month High, But $200 Barrier Tough to Break

Solana has been seeing impressive price gains lately, reaching a two-month high and approaching the $180 mark.
However, it faces a critical resistance level that is preventing the altcoin from breaking past $200. With market conditions and investor behavior in play, the journey to $200 could be challenging for Solana.
Solana Traders Are Selling
Many Solana SOLUSD holders are opting to take profits, contributing to a rising Realized Profit/Loss ratio. This indicator has risen to 15.0, indicating that oversold exposure could be a concern. Historically, when this ratio crosses the 10.0 threshold, it usually leads to short-term price corrections.
This profit-taking behavior could also increase market volatility and potentially stall Solana’s rise. The increased selling could put pressure on the price, even though Solana has made significant gains over the past month.
As a result, SOL could be facing a reversal.
Solana’s technical indicators also suggest that its bullish momentum is nearing saturation. The Relative Strength Index (RSI) is currently above 70.0, placing Solana in overbought territory.
This suggests that the altcoin’s rally could be peaking, similar to the price of Solana’s decline when it reached similar levels in mid-January 2025. The RSI, combined with investor behavior, suggests that Solana’s price is nearing a short-term decline.
SOL Price Faces an Old Foe
Solana’s price is trading at $177 as of writing, up 61% in the past month. The altcoin is just below the $180 resistance and not far from the long-awaited $200 level.
If the current momentum continues, Solana could break through this resistance and rally towards the $200 target, attracting more attention and investment.
However, the factors discussed above may be a concern for Solana’s price. The combination of increasing selling pressure and overbought technical indicators could lead to a reversal.
In this case, Solana’s price could drop to $161 or below, with the $148 level potentially becoming the next major support. This could hold the 3-month $180 barrier, delaying the long-awaited breakout.
On the other hand, if the sold SOL is absorbed by new investors and the price can maintain its gains, Solana could break out of the $180 resistance. This would invalidate the bearish outlook and resume the uptrend, paving the way to $200. Such a move would require sustained market confidence and demand to break through the current barriers.