The post Solana Price $200 Pullback is Inevitable, Says Expert Amid $868M Whale Transfer appeared on BitcoinEthereumNews.com.

Key Insights: Solana price slipped from $250 to the $215 level where an analyst predicts further losses to $200 are inevitable. The slide might be crucial for a strong rebound to $300. SOL perp funding rate hovers near 8%, a level that generally signals traders’ are moderately willing to pay a premium to hold long positions. Whale transfers $868M SOL to exchange. Solana’s native token, SOL, slipped to $215 after touching $250 last week, its strongest level in nearly eight months. Over the prior 30 days, the token surged 25% ahead of the broader altcoin market, a rally fueled in part by growing corporate interest in using SOL as a reserve asset. However, the question then was whether this momentum would last. Traders stayed cautious, pointing to the limited demand for leveraged long positions in SOL as a possible sign that the rally might cool. Meanwhile, crypto expert GreenyTrades shared an analysis on X claiming that SOL would soon test the $200 level and maintain higher lows while building strong support for a rebound to $300. Analyst Reveals Solana Price Prediction of $200 Before Rebound Solana once again arrived at a decisive point on its long-term chart. As GreenyTraders highlighted, the token recently tested a powerful confluence of resistance levels, marked by two historical highs and a key former support zone now acting as resistance. The $240–$260 band has repeatedly served as a ceiling in past cycles, and the market’s latest response was immediate with SOL  rejected on its first approach. That rejection, however, does not damage the broader bullish picture. Even if Solana dips below $200 in the near term, its higher-low structure would remain intact. Such a retracement could simply set the stage for a more sustainable push later in the cycle. Still, the weight of these high-timeframe…

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Filed under: News - @ September 23, 2025 8:28 am