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Solana is fighting brutally for the $200 mark – investors are unsettled!
On October 5, 2025, Solana's price shows a corrective phase: support at $200 threatened while bears dominate.
Solana is fighting brutally for the $200 mark – investors are unsettled!
On October 5, 2025, the Solana (SOL) token is showing a worrying trend. The price has fallen sharply and is currently trading at just over $210. Analysts are classifying the situation as a correction phase, with the $200 mark seen as a crucial support level. This reports U.Today.
The current selling momentum raises concerns about possible further losses. Immediate support can be found at the 50-day EMA (Exponential Moving Average) at around $206. If Solana fails to stabilize above this level, the price could slide towards the 100-day EMA at around $193. A further decline below $193 could trigger a longer correction, potentially dropping the price to $180 or even below.
Market conditions and sentiment
Market conditions are mixed. Although there is an increase in selling pressure, selling activity has not yet reached capitulation levels. The current trading volumes indicate a steady distribution, suggesting that the bears remain in control but without showing excessive force. Momentum indicators confirm the weakening conditions, with the Relative Strength Index (RSI) closer to neutral levels.
The risk to the $200 level is significant, especially if the token closes below the 50-day EMA. A move by bulls to $221 would be necessary to reverse the bearish forecast. However, the prevailing trend remains bearish unless a strong rebound from current price levels is observed.