The post Solana Faces Pressure as Price Tests $200 Support Level appeared on BitcoinEthereumNews.com. Key Insights: Solana price has dropped 18% in a week, testing the critical $200 support level. Futures open interest hit a record 71.8 million SOL, while network metrics weakened. Institutional interest grows despite declining DeFi activity and transaction volumes. Solana Faces Pressure as Price Tests $200 Support Level Solana (SOL) has entered a key phase as its price struggles to hold above the $200 support level. Furthermore, Solana has dropped 18% in the last week, marking one of its weakest performances in 2025. Traders are closely watching whether this level will provide a base for recovery or open the way to further losses. Market Sentiment Turns Bearish Crypto analyst Crypto Alpha stated that Solana failed to maintain the $250 zone and corrected sharply. He pointed to $200-$210 as a strong support area and expects a potential retest of $250 if the level holds.  Potential Retest | Source: X Meanwhile, data shows futures open interest in Solana reaching a record 71.8 million SOL, with a value of about $14.5 billion. Rising funding rates combined with falling prices suggest an overleveraged market. Analysts warn that aggressive sellers dominate the market, while spot-driven selling pressure is increasing. Another analyst, Ted Pillows, drew attention to Sol Strategies, one of the largest Solana treasury firms, which has faced a steep decline in value. According to his comments, the firm’s stock has fallen 63% after its CEO resigned, adding more uncertainty to Solana-linked assets. Source: X Technical Levels Under Scrutiny Chart data shows that Solana’s price action has formed a possible inverted V pattern on the daily timeframe. This structure signals more downside if the $200 level does not hold. Analysts suggest a drop toward the $155 area could be possible, while the weekly chart shows a double-top formation that points to $120 as a longer-term… The post Solana Faces Pressure as Price Tests $200 Support Level appeared on BitcoinEthereumNews.com. Key Insights: Solana price has dropped 18% in a week, testing the critical $200 support level. Futures open interest hit a record 71.8 million SOL, while network metrics weakened. Institutional interest grows despite declining DeFi activity and transaction volumes. Solana Faces Pressure as Price Tests $200 Support Level Solana (SOL) has entered a key phase as its price struggles to hold above the $200 support level. Furthermore, Solana has dropped 18% in the last week, marking one of its weakest performances in 2025. Traders are closely watching whether this level will provide a base for recovery or open the way to further losses. Market Sentiment Turns Bearish Crypto analyst Crypto Alpha stated that Solana failed to maintain the $250 zone and corrected sharply. He pointed to $200-$210 as a strong support area and expects a potential retest of $250 if the level holds.  Potential Retest | Source: X Meanwhile, data shows futures open interest in Solana reaching a record 71.8 million SOL, with a value of about $14.5 billion. Rising funding rates combined with falling prices suggest an overleveraged market. Analysts warn that aggressive sellers dominate the market, while spot-driven selling pressure is increasing. Another analyst, Ted Pillows, drew attention to Sol Strategies, one of the largest Solana treasury firms, which has faced a steep decline in value. According to his comments, the firm’s stock has fallen 63% after its CEO resigned, adding more uncertainty to Solana-linked assets. Source: X Technical Levels Under Scrutiny Chart data shows that Solana’s price action has formed a possible inverted V pattern on the daily timeframe. This structure signals more downside if the $200 level does not hold. Analysts suggest a drop toward the $155 area could be possible, while the weekly chart shows a double-top formation that points to $120 as a longer-term…