Solana Faces Selling Pressure as $250 Resistance Looms

Solana hits a wall at $250—traders dump while the smart money watches.

The Technical Ceiling

SOL bulls can't punch through that $250 barrier. Selling pressure mounts with every failed attempt. The chart shows clear distribution patterns—whales unloading positions as retail FOMO kicks in.

Market Psychology at Play

Traders get nervous when resistance holds this strong. It creates self-fulfilling prophecy—everyone expects a pullback, so they sell first. Classic crypto herd mentality in action.

Institutional Perspective

Big players see these levels as profit-taking zones. They accumulated lower and now cash out while retail piles in. The old 'buy the rumor, sell the news' playbook—except in crypto, the news is always just another rumor.

Short-term Outlook

Expect volatility until either side breaks. A clean break above $250 could trigger momentum buying. Failure here might see a retest of $220 support. Either way—traders lose sleep while hedge funds collect fees.