Solana has reached a 2-month high, but the barrier at $200 remains a tough nut to crack.

Solana recently showed an impressive rise. It reached a two-month high and approached the mark of $180.

However, an important resistance level is holding the price breakout above $200. Given the current market conditions and investor behavior, it will be difficult for the price of Solana to overcome this barrier.

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Solana investors are eager to sell

Many holders of the Solana token SOLUSD prefer to take profits. This increases the realized profit/loss ratio. The metric reached 15.0, which could lead to potential issues due to excessive selling. Historically, when the ratio exceeds 10.0, it often leads to short-term price corrections. Such a scenario can amplify market volatility and restrain the rise. As a result of selling pressure, SOL may face a reversal.

Technical indicators also show that bullish momentum may be weakening. The Relative Strength Index (RSI) is currently above 70.0, suggesting overbought conditions. It is possible that the altcoin rally is reaching its peak, as it did in January 2025. At that time, the price declined after reaching similar levels. The Relative Strength Index and investor behavior warn of a potential short-term decline in Solana.

Detailed guide for beginners: how to buy Solana SOLUSD

SOL faces a long-standing enemy

The price has risen by 61% over the last month and currently stands at $170 at the time of writing. The token is just below the resistance at $180 and not far from the important level of $200. If the current momentum continues, Solana could break through the nearest resistance and reach $200. This will attract additional attention and investment in the asset.

However, the aforementioned factors raise concerns. Increased selling pressure and technical overbought conditions may lead to a price reversal. In this case, it risks dropping to $161 or lower. Then the level of $148 may become the next key support. This will keep the 3-month barrier at $180 intact, postponing the long-awaited breakthrough.

However, if the sales are absorbed by new investors, the altcoin may surpass the $180 mark. This will open the way to $200, refuting the bearish scenario. Such a move will require sustained market confidence and high demand.

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