Solana (SOL) Surges Toward $202 Resistance – Can Bulls Break Through?

Solana's SOL is charging upward again—but that pesky $202 resistance level won't go down without a fight.

The Battle at $202

SOL's rally hits a make-or-break moment as it tests a key psychological barrier. Traders eye the charts like Wall Street analysts staring at Bloomberg terminals—except with less coffee and more hopium.

What’s Driving the Momentum?

Network activity stays robust, but let’s be real—half the crypto market moves on vibes and leveraged speculation anyway. Still, SOL’s tech keeps degens coming back for more.

The Bottom Line

If SOL smashes through $202, the FOMO could get ridiculous. Fail? Prepare for the usual crypto theatrics—‘healthy pullback’ tweets and diamond-handed bagholders. Classic.

The next important move depends on whether solana can climb to $202. This level has stopped previous rallies multiple times. Breaking through could open the path for more gains. Failing again might push the price back down.

Solana recently extended losses below $150 before buyers stepped in. The price tested the $145 zone and then started recovering. The token moved above $155 and $162 resistance levels.

There was also a break above a contracting triangle pattern with resistance at $162. Solana is now trading above the 100-hourly simple moving average.

NGL fam – $SOL is looking very good here for a reversal. 👀

As long as Bitcoin doesn't scam pump, we could see this reach for the highs.

Ascending triangle full send! 🔥 pic.twitter.com/Kx07bGZWaD

— Hardy (@Degen_Hardy) November 10, 2025

Selling Pressure from Short-Term Holders

Short-term traders who held Solana for one week to one month have started selling. Their supply share dropped from 14% to 11%. This shows many are taking profits instead of waiting for more gains.

Data shows over 730,000 SOL moved to exchanges this week. When coins flow into exchanges, it usually means holders are preparing to sell. This pattern appears every time the price tries to MOVE up.

Large holders may be getting ready to sell if the price climbs higher. This selling pressure could slow things down before Solana reaches $180.

The Chaikin Money FLOW indicator, which measures whether money is moving in or out of the token, has broken its downtrend. This means inflows are improving. More money is entering than before.

But the indicator is still below zero. For a clear shift in momentum, it must cross above the zero line and stay there. The buying is not strong enough yet to push prices higher.

The derivatives market shows no clear direction. Long and short positions are nearly equal. There is no short squeeze setup where rising prices force sellers to buy back quickly. Without that fuel, Solana will need real spot buying to move further.

On the upside, immediate resistance sits near the $168 level. The next major resistance is near $172. This matches the 61.8% Fibonacci retracement level of the downward move from $188 to $145.

The main resistance could be $178. A successful close above this level could set the pace for another steady increase. The next key resistance after that is $185.

If Solana fails to rise above the $172 resistance, it could move down. Initial support sits near the $162 zone. The first major support is near $160.

A break below $160 might send the price toward $155. If there is a close below $155, the price could decline toward $150 in the near term.

The hourly MACD is gaining pace in the bullish zone. The RSI is above the 50 level. These indicators show some positive momentum building.

At current levels near $167, a move to $202 WOULD represent a 20% jump. This would confirm that the rally is real. But if selling continues and buyers slow down, the move could fail. A dip under $150 could reverse the current bullish sentiment.