Solana Price Pullback Could Deepen as Two Bearish Markers Emerge
Solana's rally hits turbulence as dual technical warnings flash red—just when retail thought the easy money was back.
Technical Breakdown: The Charts Don't Lie
Two classic bearish patterns have emerged simultaneously: a failed breakout above key resistance and a momentum divergence on the daily RSI. Neither requires inside information—just basic chart literacy that most crypto "investors" apparently skipped during the bull run.
Market Realities: Greed vs. Fear
Traders who bought the top are now sweating while shorts pile into leveraged positions. Liquidity pools below current levels look thin—any accelerated selling could trigger cascading liquidations. Meanwhile, the "fundamentals are strong" crowd keeps chanting while ignoring price action entirely.
Finance Irony: Same Play, Different Chain
Watching crypto traders rediscover technical analysis every cycle is like watching goldfish repeatedly marvel at the castle in their bowl. The patterns repeat, the emotions cycle, and the majority still buys high and sells low—some things never change, even on a blockchain.
Profit-Taking Points Toward A Deeper Correction
Profit booking has been one of the clearest signals behind Solana’s recent moves. Every time realized profits have spiked, the price has quickly retreated.
Realized profit tracks the gain booked when coins are moved; higher spikes mean more holders are selling at a profit, while lower readings suggest fewer sellers are cashing out.
On July 22, a profit-taking spike at $205 was followed by a 23% drop to $158. But that wasn’t all.
- On August 13, realized profit spiked above $500 million. Price corrected from $201 to $185, a close to 10% drop.
- On August 20, another local profit-taking peak drove the price from $187.95 to $180.35, nearly a 4% dip. On August 24, realized profit jumped again near the $213 high, raising the risk of a repeat move.
If solana mirrors these past patterns, a drop close to 20% from $213 would place the price near $175. This zone has already acted as a steady base during earlier corrections, making it a level that traders cannot ignore.
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Buyer Momentum Weakens As Sellers Step In
The pullback is reinforced by fading buyer strength. Between August 13 and August 25, the Solana price made a higher high from $204 to $213. Yet, momentum in the form of RSI or Relative Strength Index slipped during the same period, cooling from around 65 to near 58.
This mismatch tells a story: sellers were active while buyers lost some grip. Combined with the profit-taking at $213, it makes the $175 zone even more critical. The last two corrections lined up with profit spikes, and now weakening buyer activity increases the chances of that same level being tested again.
The Relative Strength Index (RSI) tracks the balance between buying and selling pressure. When the price makes new highs but the RSI makes lower highs, it shows that buyers are losing strength while sellers are quietly gaining ground. This setup is called a bearish divergence. The rise in the realized profit metric also confirms this.
Solana Price Levels Show The Risk
At press time, Solana trades around $200 after losing the $202 support, which has turned into resistance. The next cushions are at $196 and $192, but the key levels remain $183 and $175.
If the solana price holds $183, the structure can remain intact. But a clean break below could open the path toward $175. And if that breaks, expect the SOL price to go lower.
On the other hand, reclaiming $209 and closing above $213 WOULD shift the narrative, putting the uptrend back in play.
