Solana Maintains Crucial Support Yet Encounters $204 Resistance Ahead of Potential Breakout
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 01 2025Current Market Status: Solana (SOL) is trading at $184.83, down 1.72% in the last 24 hours, with a market cap of $102.1 billion, while maintaining a trend of higher lows indicating mid-term resilience.
Technical Analysis: Key support is identified between $173–$180, with critical resistance at $204; failure to hold support could lead to a deeper retracement towards $155–$148.
Market Sentiment: The recent recovery in Solana's price is perceived as weak, with analysts noting the need for a breakout above the $204 resistance to confirm renewed buying strength.
Outlook: Solana's trajectory is contingent on reclaiming the $204 level; a failure to maintain support above $173 may signal a deeper correction before any potential recovery.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
