Solana price fails to hold above the 200-exponential Moving Average, downside pressure builds

Solana price continues to struggle below the 200 Exponential Moving Average (EMA), with repeated rejections signaling building downside pressure and a potential move toward $145 support.

Solana’s (SOL) price action remains weak as the asset continues to trade below the 200 Exponential Moving Average (EMA), a key dynamic level watched by both traders and investors. Multiple failed attempts to reclaim this level have confirmed it as a strong zone of resistance.

The inability to break and hold above this technical barrier indicates that sellers are still in control, with downside pressure mounting as Solana tests lower support regions.

Solana price key technical points:

• Major Resistance: The 200 EMA continues to cap Solana’s upside momentum.
• Repeated Rejections: Multiple failed attempts above this level confirm strong selling pressure.
• Next Support Level: $145 stands as the next key high-timeframe support if downside continuation persists.

From a technical standpoint, Solana’s current structure highlights growing weakness as price remains consistently below the 200 EMA. Over the past few sessions, multiple breakout attempts have failed, each followed by mild sell-offs, a clear indication that supply remains active around this region.

The 200 EMA, which also aligns with a psychological resistance zone near the $200 level, has proven to be a major technical ceiling. This area acts as a convergence point for both dynamic and static resistance, amplifying its significance. Each failed retest reinforces the bearish bias in the market, suggesting that buyers lack the conviction to sustain a rally above this zone.

As long as Solana remains below this key average, the probability of revisiting the value area low continues to rise. A breakdown from current levels would likely lead price action toward the $145 support, where a prior swing low was established. This level represents an important structural demand zone that could temporarily halt selling pressure, but if it fails, the bearish continuation could accelerate further.

The broader market structure for Solana remains bearish, with lower highs forming consecutively since its rejection at the $200 region. The repeated inability to reclaim the 200 EMA has turned this level into a strong confirmation of trend direction.

Until Solana can produce a decisive daily close above this line with accompanying volume expansion, any bullish attempts are likely to remain corrective in nature rather than trend-changing.

What to expect in the coming price action

If Solana fails to reclaim the 200 EMA in the near term, the bearish scenario remains the most probable outcome. A continuation below this level could lead to a full retest of the $145 support, marking the next key inflection point.