Solana price is testing a key bullish trendline, with participants watching closely to see if support holds or a deeper correction takes shape.
Solana is back in the spotlight as participants weigh whether its long-term bullish trendline can hold firm against growing pressure. After weeks of choppy movement, the price now sits at a key decision point where technical levels and regulatory headlines could shape the next big move.
Solana Price Testing the Bullish Trendline
Solana’s latest dip is dragging the price closer to its bullish fair value gap and long-term trendline support. This zone has repeatedly served as a launchpad, and a clean reaction here could set the tone for a rebound.
Solana price tests its bullish trendline as the market watches for a rebound or deeper move into the $210–$205 support zone. Source: BATMAN via X
If buyers defend this area again, momentum could carry the price back towards the $230 to $235 range. Holding the ascending trendline keeps the broader bullish case intact, and every successful defense strengthens confidence in higher targets. But if support gives way, Solana price could extend lower into the $210 to $205 band, where the next key demand zone sits. That area now stands as the last strong line of defense before opening the door to a deeper correction.
Bearish Daily Structure Raises Risk
On the flip side, ChiefraT says Solana continues to struggle at the $235 ceiling, with rejection signaling weakness in the short-term structure. Multiple failed retests of this level suggest sellers still hold control.
Solana faces repeated rejections at the $235 ceiling, with downside risks pointing towards $200 and below if buyers fail to step in. Source: ChiefraT via X
A move back below $200 remains possible if buyers don’t step in soon. Losing this round of support could turn the focus to $190 to $185, where demand clusters sit. For now, Solana bulls need to quickly reclaim $225 to $228 to avoid letting the bearish setup extend further, as sustained weakness here risks flipping the trend into a deeper correction.
Can SOL React Negatively to SEC ETF Delay?
Markets are also bracing for regulatory headlines, with delays around ETF approvals casting uncertainty. Solana, often more volatile than peers, tends to react strongly to such narratives.
If momentum falters while negative headlines surface, participants may push for a retest of sub-$200 zones. That would not erase the higher-timeframe bullish cycle but could shake confidence in the short term. A confirmed delay could also drain liquidity from altcoins, leaving SOL more exposed than Bitcoin. In that scenario, sentiment-driven selling could exaggerate moves lower, even beyond technical levels.
Key Levels Around $217 in Focus
The $217 mark is becoming the line in the sand for Solana price. It has acted as both resistance and support in recent sessions, meaning the next test here could decide short-term direction.
Solana price eye $217 as the pivotal level, with momentum hinging on whether price rebounds towards $230 or slides towards $210. Source: Ali Martinez via X
A clean rebound sets up a return to $230+, but if this level folds, a slide towards $210 to $208 could follow quickly. Below that, $202 to $200 become the critical zone buyers must hold. For now, traders are treating $217 as the pivot level that will determine momentum in the coming days, with volume around this region likely to show which side has the upper hand.
Final Thoughts: Larger Structure Still Intact
Despite the mixed signals, Solana’s broader structure remains intact. Higher lows continue to form across the chart, leaving the bullish trendline unbroken. This suggests the current weakness could simply be part of a larger consolidation.
Solana current price is $217.98, down -2.79% in the last 24 hours. Source: Brave New Coin
If momentum holds steady, the next Solana leg higher still targets $240 and above. Stronger confirmation would come with a weekly close over $235, which flips resistance back into support. Until then, participants see this pullback as a key test of whether Solana is building fuel for another expansion phase. As long as the higher timeframe structure is respected, the broader cycle remains aligned with bullish expectations into Q4.