Solana Price Prediction: Correction Below $220, Next Targets
Solana price prediction shows short-term correction risk as SOL consolidates below the $220 resistance. After failing to settle above the $213–$220 zone, bears pushed SOL down from a $218 high. SOL price dipped below the 23.6% Fib retracement of its $156–$218 rally. On the daily chart, SOL holds above the 50-day simple moving average near $188, forming support channels at $190 and $188. A break below $188 could trigger a deeper decline toward $170, with further losses testing $156, $142 or $130. Conversely, a sustained move above $220 resistance may accelerate gains toward $230, $242 and $250. Traders should watch immediate support at $200 and major barrier at $218. This technical analysis suggests a neutral outlook: short-term bearish pressure balanced by long-term upside potential. Key SOL price prediction levels: Support $188–$200; Resistance $218–$220. Monitor SOL price reaction to these zones for next directional bias.
Neutral
The analysis highlights a balanced risk-reward for SOL traders. In the short term, failure to break above the $220 resistance and a drop toward the $188 50-day SMA channel support signal bearish pressure and potential pullback to $170 or lower. However, the intact uptrend from the $156 swing low and the possibility of a rebound above $220 for gains toward $230–$250 indicate underlying bullish strength. Similar prior consolidations in major altcoins have preceded renewed rallies once key resistance was cleared, while extended breaks below moving averages led to deeper corrections. Therefore, SOL’s market outlook remains neutral: traders should remain cautious but prepared for upside triggers if SOL reclaims critical levels.