Solana Tests Key $218 Support, Rebound or Breakdown Next?

3 mins mins

Key Insights:

Solana’s $218–$220 support zone is critical, holding may trigger rebound, losing it risks deeper downside.
Fibonacci retracement levels at $204 and $193 identified as potential long-entry zones after trendline breakdown.
Retest of $210 breakout zone keeps bullish case alive, with upside targets toward $250, $277, and $320.

*Solana Tests Key $218 Support, Rebound or Breakown Next?*

Solana (SOL) was trading near $219.53 after a pullback from recent highs at $249.60. The correction has brought the asset back into the $218–$220 support zone, a level that has previously served as a strong base during consolidations.

According to analyst BitGuru,

“If this level holds, a pullback could follow toward the $230 region.”

In addition, he also noted that a failure to defend this range may expose SOL to further downside, showing that market participants are treating $218–$220 as a critical area.

$SOL showed strong momentum earlier, pushing to $249.60. Recent drop has brought price back to the $218–$220 support zone.

If this level holds, a pullback could follow toward the $230 region. A breakdown, on the other hand, may expose SOL to further downside pressure. pic.twitter.com/uYusFyzZpv
— BitGuru 🔶 (@bitgu_ru) September 23, 2025

Trendline Breakdown and Fibonacci Levels

Another perspective comes from analyst Crypto TA King, who pointed out that Solana has broken below its ascending trendline support. This shift has placed focus on Fibonacci retracement levels for possible next moves.

He explained that the 0.5 Fib level at $204 and the 0.618 Fib level at $193 are areas where buyers could step in.

In his words,

“We have 0.5 fib level at 204 and 0.382 fib level 193 so you can take a long from these levels.”

This places the $204–$193 range as a potential demand zone if pressure continues.

Retest of Breakout Zone

Analyst Ali provided a different angle, suggesting the recent decline may simply be a retest of the $210 breakout level. He observed that Solana previously cleared this resistance before rallying toward $236 and has now come back to confirm it as support.

Ali added,

“As expected, Solana retested the $210 breakout zone. Now I’m preparing for the next leg up to $320.”

His projection is supported by Fibonacci extension targets at $250, $277, and $320, indicating that holding above $210 could sustain the bullish outlook.

As expected, Solana $SOL retested the $210 breakout zone. Now preparing for the next leg up to $320. https://t.co/YsOPU5W4CD pic.twitter.com/ZfKata4yRW
— Ali (@ali_charts) September 23, 2025

Market Context and Next Levels

At present, Solana’s 24-hour trading volume stands at $6.29 billion, reflecting active participation despite the recent correction. The asset is down 1% over the last 24 hours and -6% across the past week.

With price consolidating near $218, traders are closely monitoring whether support holds or breaks. A rebound could reopen the path to $230 and higher targets, while a breakdown may shift attention to the $204 and $193 Fibonacci retracement zones.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.