Solana Holds $200 Support as Bulls and Bears Battle for Control
SOL stalls near $200 after rally to $254. Holding support keeps buyers in play with targets at $220–$250; failure risks drop to $194–$182.
30 Sep., 2025
30 Sep., 2025
Hey Traders! 👋
Solana’s rocket run to $254 has hit turbulence.
With momentum fading, SOL is now hovering near the $200 mark - a line that could decide if bulls regroup or bears take full control.
🌐 DeFi & Funding
Solana’s DeFi TVL (value locked in its protocols) has slipped 15% from September’s $13.2B peak - less activity = less demand for SOL.
The funding rate (fees paid between long vs short traders) flipped negative, meaning more traders are betting against SOL short-term.
📊 Technical Picture (4H Chart)
Bullish Path 📈
Hold above $200 keeps buyers in play.
First upside target: $220 (recent rejection zone).
Breakout above $220 could extend momentum toward $250.
Bearish Path 📉
Failure to hold $200 flips control to sellers.
Next support sits at $194 (100-day EMA).
A deeper slide could reach $182 (200-day EMA) before bulls regroup.
