The post Solana Price Stalls Near $200, But a 40% Rally Still in Sight appeared on BitcoinEthereumNews.com.

Solana price hit a high of $206 recently but has pulled back to around $189. It’s down nearly 6% in the last 24 hours, and some traders are getting nervous. The rally seemed strong at first, but now it looks stuck. The big question is: Is this just a short pause before a bigger move, or is the top in? While price action may look sleepy, on-chain and trading data still point to more room to grow, possibly up to $275, which is a 40% rally from here. Exchange Flows Show Less Sell Pressure One of the key signals right now is how much SOL is sitting on exchanges. Over the past few weeks, more coins have been leaving exchanges than coming in. That’s a good sign. When people move their tokens off exchanges, it usually means they don’t want to sell soon; they might be planning to hold, stake, or move to cold storage. Since mid-July, the flow has flipped hard into the negative zone, and the bars on the chart keep getting taller. That means fewer coins are ready to be sold, and supply on exchanges is shrinking. Solana netflows- Source: Coinglass This drop in supply lines up with the current sideways movement in price. SOL is holding above $196, even while other coins like ETH and ADA have dipped. If this trend of outflows continues, the pressure to sell keeps dropping. And with buyers still active, it could set the stage for another leg up. That is especially if SOL pushes past $218, which is the 0.786 Fibonacci level and also the top from May. Above that, the next target sits around $275. Futures Market Is Bullish, But Not Overheated Futures trading tells us how confident traders are, and right now, the signs look healthy. The funding…

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Filed under: News - @ July 23, 2025 11:26 pm