Overview

• Solana slipped below the $215–$220 area and traded around $205–$218, putting focus on whether the $200–$217 band can hold.
• $217 is flagged as a pivot, with failure risking a slide toward $210–$205 and then $200, where $190–$185 becomes the next downside area.
• Technicians note confluence at $200 with the 0.618 Fibonacci level, Point of Control, the 100-day EMA, and a multi-week trendline.
• A falling-wedge pattern suggests upside potential toward $240–$260 if buyers secure volume-backed daily closes above $200 and regain $225–$235, with a weekly close over $235 cited for confirmation.
• Market watchers warn that negative regulatory headlines, including possible SEC ETF delays, could pressure SOL and increase the odds of a sub-$200 retest.