Solana: From 254 Highs Back to the 200 Line – What’s Next?

At the end of August, I wrote that as long as 190 remained intact, Solana had room to rise toward 250, and I suggested a buy around the 200 level. That trade worked beautifully, with price reaching as high as 254.

From there, Solana started to roll over. At first, it looked like a normal correction, but the picture changed after a weak bounce attempt. Price broke decisively below 230, and the recent low was set right back at 190.

Currently, Solana is recovering once again. However, the structure of this bounce looks corrective in nature, forming what appears to be a bearish flag.

🔑 Key levels to watch:
• A break below the flag’s support – and more importantly below 200 – would likely trigger another leg down.
• In that case, the market could head toward a 175–180 major support zone, which is the next critical area for buyers to defend.

Until then, the bias remains cautious: Solana must prove it can break free from the corrective structure before bulls can regain control. 🚀