Why Solana (SOL) Could Skyrocket in October

Solana (SOL): A Downward Momentum Taking Hold

Over the last 24 hours, the Solana (SOL) token has recorded a 1.11% drop, aligning with a broader market downturn amid high volatility. At the time of analysis, SOL is trading around $206.70, having failed to sustainably break through the $215 resistance zone.

Technical signals show a weakening buying pressure across both short and long timeframes. This dynamic undermines the position of investors and traders with SOL positions.

On the H1 chart (one hour), SOL’s price is approaching a technical support threshold at $205.56. If this level breaks, sellers could quickly drive the price toward the next critical zone at $204, representing a confluence of short-term supports.

This zone constitutes a key point of interest for scalpers and day traders looking for reversal or continuation signals.

Daily Trend: Heading Toward a Close Below $206?

On the daily timeframe, technical signals remain concerning. After an aborted bullish attempt, the current candle indicates a bearish consolidation that could be confirmed if the daily close falls below $206, reinforcing the scenario of a descent toward the psychological $200 zone.

On the weekly chart, a key threshold sits around $194.19. If the September 30 close occurs in this zone, it would confirm a persistent structural weakness, paving the way for a possible return to the $180-200 range, identified as long-term support since summer 2025.

This downward momentum is accentuated by a loss of buying momentum on the MACD and RSI, a decrease in bullish volumes in the spot market, and growing dominance of short positions in futures markets.

Vigilance Around the $200 Zone for Solana

For long-term investors (hodlers), the $180-200 zone could represent a strategic entry point, provided the global market (Bitcoin and Ethereum included) confirms a bullish recovery. However, caution remains essential given the uncertain macroeconomic and regulatory context.

For active traders, shorting opportunities emerge if there’s a confirmed break below $205.56 or $194. Intraday strategies based on RSI, moving averages, or Bollinger Bands are particularly relevant for capturing these rapid movements.

Overall, SOL’s technical analysis highlights persistent fragility. A close below the key thresholds would strengthen the probability of a pullback toward $200 or even $180, which could represent both a threat for exposed traders and an accumulation opportunity for patient investors in a solid Web3 project.

How to Buy Solana Before Its Takeoff on Bitget?

With Solana’s (SOL) current price around $200, don’t miss this potential entry point in the $180-200 zone, considered a key long-term support by many investors.

Here’s a buying guide for Bitget:

1. Sign up on Bitget (email or phone).
2. Verify your account (KYC) to activate deposits/withdrawals.
3. Deposit funds (USDT, EUR, bank card).
4. Search for SOL/USDT and place your buy order (market or limit).
5. Secure your SOL in the Bitget wallet or external wallet.

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